Meanwhile, the rate of increase in the daily and weekly price indices gathered by the University of Tokyo and Hitotsubashi University based on the prices of items such as food and daily necessities has continued to show an accelerating trend since this April.
Price hikes by firms have become widespread and sustained, as seen in the fact that the share of items in the CPI for which prices have risen has been outweighing that for which prices have declined by an increasing margin (Chart 5).