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International Business Times
International Business Times
Business

Rice Prices Double In Japan As Inflation Accelerates

A supply chain snarl-up has caused a shortage of rice in shops (Credit: AFP)

Rice prices doubled last month in Japan as core inflation accelerated, official data showed Friday, posing a threat to Prime Minister Shigeru Ishiba ahead of July elections.

The vote for parliament's upper house, due next month, is crucial for Ishiba after public support for his government tumbled to its lowest level since he took office in October, partly due to frustration over the cost of living.

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