Looking at the output prices DI of industries related to consumption, which has close relations with the CPI, since around 2017, the proportion of enterprises answering that the output prices have risen has exceeded the proportion of those answering that such prices have fallen, and the gap has expanded gradually.
Of course, a rise in overall prices is not favorable for households if focusing only on the rise. What is important is that it should accompany improvement in the employment and income situation so that households can accept price rises (Chart 9). On this point, employee income, which is calculated as wages per employee multiplied by the number of employees, has continued to increase.