The core consumer price index in Japan has increased by over 3% for 7 consecutive months.

A report released by the Japanese Ministry of Internal Affairs and Communications on the 18th showed that in June this year, the core consumer price index in Japan, excluding fresh food, rose by 3.3% year-on-year to 111.4, with the increase remaining above 3% for the 7th consecutive month. The data shows that the main reason for the rise in consumer prices that month was the increase in prices of grain and processed foods. Among them, the price of ordinary Japonica rice, excluding Koshihikari rice, still maintained a nearly 100% year-on-year increase, and the price of coffee beans rose by 40.2% year-on-year. The report shows that compared to May data, the increase in consumer prices in June has slightly decreased. The government's implementation of gasoline retail subsidies and the decrease in international crude oil prices played a role in restraining price increases. In addition, since April, Japan has implemented a comprehensive subsidy policy for public high school tuition fees, leading to a year-on-year decrease in prices of education services such as tuition. Economists point out that as wage increases in Japan have long been lower than price increases, the sharp rise in food prices has caused many consumers to be worried about the rising cost of living. The stall in Japan-US trade negotiations has also put pressure on business confidence.