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Economy Inflation in Japan hits record 4%

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thomas

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Japan's consumer inflation rate hit a 41-year high of 4% in December, as prices for everything from burgers to gas surged. That rate is still relatively low compared to other nations. Japan, the world's third-largest economy, has been fending off deflation, or chronically falling prices, for decades. The last time core consumer prices rose that much was December 1981, the Ministry of Internal Affairs and Communications said.


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The core consumer price index -- which excludes fresh foods -- increased 4% from a year earlier, up from 3.7% in November, according to the Ministry of Internal Affairs and Communications. Last month's figure marked the sharpest rise since December 1981. Prices of electricity increased by 21.3%, while grains rose by 9.6%. Last year's core consumer inflation rate averaged 2.3%. The statistics come two days after the Bank of Japan kept its ultra-loose monetary policy unchanged in its latest monetary policy meeting. The 4% rise in December means that Japan's core inflation has surpassed the BOJ's price stability target of 2% for the ninth consecutive month.


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musicisgood

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4 percent
What are we living in, the Joe Biden mind?
try 31% on the average price of potato chips. Yes, they down size the bag from 172 grams now to 158 grams and the price is 212 yen now

Use to be prices were raised once a year.
Now every time one goes shopping here , prices ARE jacked up.
 
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thomas

Unswerving cyclist
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What are we living in, the Joe Biden mind?
try 31% on the average price of potato chips. Yes, they down size the bag from 172 grams now to 158 grams and the price is 212 yen now

Not sure what Joe Biden's got to do with Japanese inflation, but perhaps it's a good time to break with bad habits (potato chips)? :p

More concerning:

Prices of electricity increased 21.3%, while grains rose 9.6%.
 
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