Electricity prices drive inflation with more hikes to come

The cost of Japanese electricity climbed by 10.1% in July as a weaker yen and higher energy prices helped drive the sharpest hike in consumer prices in four years.
By James Byrne 30 August 2013 0 3622

The cost of Japanese electricity climbed by 10.1% in July as a weaker yen and higher energy prices helped drive the sharpest hike in consumer prices in four years.

Tepco’s fuel cost adjustment system, which allows the company to pass on fuel costs to consumers in the Tokyo region, showed prices had risen again in August. Eight of Japan’s 10 regional utilities, including Tepco, will also hike rates again in September, leading to some of the highest utility bills the country has ever paid. Some of...

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