Japan inflation accelerates in April

Consumer price rises accelerated in April amid climbing costs for food in Japan.

The internal affairs ministry says the consumer price index excluding fresh food rose 3.4% in April from a year earlier. The increase was the first such monthly acceleration in 3 months.

Consumer price increases climbed to the fastest in four decades in January, then moderated in February and March.

A series of price hikes meant that shoppers paid 9% more last month for food, excluding fresh items.

The rate of increase in that category rose to the fastest in almost 47 years.
Household gas bills rose by 5%. But the pace of increase shrunk to half that of March.

Meanwhile, household electricity bills dropped by 9.3% due to government subsidies.