Home
News
默认头像

Tokyo CPI Rises 2.7 Percent In a Year

2024-12-20OANDAOANDA
Consumer prices in Tokyo rose at their fastest pace in 22 years in April, surging 2.7% from a year earlier, according to preliminary data. That is up from a 1% annual increase in consumer prices in Tokyo in March. The data comes after Japan increased its sales tax to 8% from 5% from 1 April, […]

Consumer prices in Tokyo rose at their fastest pace in 22 years in April, surging 2.7% from a year earlier, according to preliminary data.

That is up from a 1% annual increase in consumer prices in Tokyo in March.

The data comes after Japan increased its sales tax to 8% from 5% from 1 April, pushing up prices.

The inflation rate in Japan’s capital city is seen as a leading indicator of the trend that is likely to follow across the country in coming months.

Japan has been trying to spur domestic demand through higher inflation.

Marcel Thieliant, Japan economist Capital Economics, said that consumer price growth across the country was likely to be even better than Tokyo in April.

“Of course national inflation will have surged in April due to the sales tax rise,” he said.

“Nationwide inflation probably accelerated by even more, as the national Consumer Price Index (CPI) has a lower weight on components which are not subject to the sales tax, notably housing rent and school fees.”

Disclaimers

The article is sourced from oanda with the original source credited. The views expressed herein are not affiliated with FXOR; readers are encouraged to approach the content rationally. Copyright belongs to the original author. If unintentional infringement upon media or personal intellectual property rights has occurred, please contact us, and we will promptly remove the content. FXOR merely provides information storage services. The article is compiled and released by FXOR; reprints must indicate the original source.