As for prices, the year-on-year rate of change in the CPI excluding fresh food turned positive in June, and the pace of increase expanded to 0.9 percent in October (Chart 6).
A look at the detailed developments in the CPI shows that not only energy-related goods such as petroleum products have pushed up the index, but also that there have been price increases across a wide range of items as private consumption remains firm and the economy continues to recover moderately.