Tokyo Inflation Is Moving From Energy Shock to Household Pressure
Energy shocks become political when they pass through the utility bill and settle into food, wages, and expectations. Reuters reporters Leika Kihara and Makiko Yamazaki reported on June 25 that Tokyo’s core inflation accelerated to 1.6% year over year in June, up from 1.3% in May. A narrower index excluding both fresh food and fuel…