Hirunews Logo
Japan+consumer+price+growth+at+32-year+high
Friday, 27 June 2014 - 10:50
Japan consumer price growth at 32-year high
15

Shares
1,799

Views
Consumer prices in Japan rose at an annual rate of 3.4% in May, the fastest pace in 32 years, as the effect of the sales tax hike started to be felt.

Japan raised its sales tax rate from 5% to 8% on 1 April.
The price growth in May follows a 3.2% jump in April and is a big boost for Japan's attempt to trigger inflation.

Japan has been battling deflation, or falling prices, for best part of the past two decades and that has hurt domestic demand and stifled growth.
Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE