TOKYO: Fully 95.0 percent of respondents said they feel prices have risen in the past year, surpassing 90 percent for the eighth straight quarter, according to a Bank of Japan survey.

The share for June rose from 94.4 percent three months before, showing that most people keep feeling the impact of the persisting wave of price hikes for daily necessities amid the yen’s weakening, the survey showed Friday.

The average of year-on-year price increases perceived by respondents was 15.7 percent, up from 14.2 percent in the March survey.

The survey also showed that 87.5 percent of respondents believe that prices will be even higher a year later, marking the highest level since June 2008.

The diffusion index for sentiment on household economic circumstances, or the percentage of respondents who think the situation improved from a year before minus that of those feeling the opposite, came to minus 52.1, worse than minus 44.2 percent.

The latest survey was conducted with people aged 20 or over between May 9 and June 4. About 2,100 gave valid responses.

JIJI Press