Foreign media: Japan's CPI increase in August hit a new high in nearly 31 years

Author:Zhongxin Jingwei Time:2022.09.20

Zhongxin Jingwei, September 20th. Comprehensive foreign media reports, the August consumer price index (CPI, with 2020 as 100) released by the Ministry of General Affairs of Japan on September 20 shows that it eliminates comprehensive fluctuations. The index was 102.5, an increase of 2.8%over the same month last year.

The Nikkei Chinese website reported that if the impact of consumption tax increases, the CPI increase in August hit the biggest increase since September 1991 (2.8%) and a lapse of 30 years and 10 months. It reached 2.0-2.9%for 5 consecutive months. The higher resource price and the depreciation of the yen have pushed the price of energy -related and food.

Japan's CPI in August was higher than the market expected intermediate value (2.7%) released by QUICK beforehand, and it continued to rise in 12 months. The comprehensive index, including fresh food, rose 3.0%, setting the highest level since November 1991, and a lapse of 30 years and 8 months. Comprehensive indexes without fresh food and energy rose 1.6%.

According to Kyodo.com reports, Japan's CPI rose to 12 months year -on -year, and the rise in about 7 years and 10 months after October 2014 was the largest. Under the background of the devaluation of the yen and the conflict of Russia and Ukraine, the import price of energy resources and raw materials is high.

In 2014, which was not influenced by consumption tax increased, the index appeared last time in September 1991, which was shrouded in the cloudy clouds of the bubble economy but still higher in residence expenses. The Japanese government and the central bank's 2%price increase targets have been achieved for five consecutive months, but the trend of full salary increase has not expanded. The price increases based on necessities of life directly increased the burden on the family. (Zhongxin Jingwei APP)

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