Tokyo consumer price inflation rises at fastest pace in 40 years

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The core consumer price index (CPI) in Tokyo, considered a leading indicator of nationwide trends, rose 3.6% in November from a year earlier, marking the fastest annual pace in 40 years, in a sign of broadening inflationary pressure.

The figure, which excludes fresh food but includes fuel costs, exceeded the median market forecast of 3.5% and accelerated from a 3.4% increase in October, government data showed on Friday.