In October, the inflation rate in Japan continued to increase.

The report released by the Japanese Ministry of Internal Affairs and Communications on the 21st shows that the core consumer price index in Japan, excluding fresh food, rose by 3.0% year-on-year to 112.1 in October this year, continuing to rise year-on-year for 50 consecutive months. The inflation rate continues to expand. The data shows that the year-on-year inflation rate of Japan's core CPI in October exceeded the previous month's 2.9%; the month-on-month inflation rate of 0.4% also exceeded the previous month. The main reason for the expansion of price inflation in October is the significant increase in prices of consumer categories such as household durables, hotel accommodations, and car insurance, among which hotel accommodation fees rose by 8.5% year-on-year. In the same month, the year-on-year inflation rate of ordinary rice prices fell slightly, but still reached 39.6%; chocolate and coffee bean prices rose by 36.9% and 53.4% respectively. Due to the insistence of Japanese Prime Minister Kishi Kono on implementing expansionary fiscal policy and loose monetary policy, domestic media and experts in Japan are generally concerned that this policy combination will exacerbate the depreciation of the yen and further increase the pressure of rising prices in Japan.