Sounds like the dude is studying for his economics 101 test. Yes, paying for goods coming from overseas with a weaker currency will impact the local price higher (other things being equal). This has always been a key principle to bear in mind when energy prices are rising and the yen is falling.
Also says:
- prices of food, excluding volatile fresh food, rose in May at fastest y/y rate since March of 2015
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Japan data from earlier is here:
This article was originally published by Forexlive.com. Read the original article here.