business

Japan’s core consumer prices rise 0.8% on year in July

9 Comments
By Behrouz Mehri

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9 Comments
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Good news. The last thing I want is higher prices.

6 ( +7 / -1 )

Japan’s core consumer prices rise 0.8% on year in July

More smoke an mirrors, along with "new" vocabulary! "Core Prices"

One thing I can never seen used here in Japan, which would be a much more accurate guide to consumer spending, inflation and deflation, would be to use what is called the "Consumer Price Index"

What is the 'Consumer Price Index - CPI'

The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them. Changes in the CPI are used to assess price changes associated with the cost of living; the CPI is one of the most frequently used statistics for identifying periods of inflation or deflation.

(CPI) https://www.investopedia.com/terms/c/consumerpriceindex.asp#ixzz5P4DQVEcd 

But it seems the government and translators here are loathe to tell the "truth".

4 ( +4 / -0 )

With the consumption tax rising next year, I wonder how bad this really is. Surely people are more likely to be spending right now on bigger purchases?

3 ( +3 / -0 )

I never been good at math but that’s Still less than one percent , so not a big noticeable change.:-/

2 ( +2 / -0 )

One thing I can never seen used here in Japan, which would be a much more accurate guide to consumer spending, inflation and deflation, would be to use what is called the "Consumer Price Index"

Er....but the Japanese government does keep track of and publicize the consumer price index:

http://www.stat.go.jp/english/data/cpi/index.html

1 ( +1 / -0 )

Open wider markets for imports and watch consumer prices come down.

1 ( +1 / -0 )

All CPI's are in fact lies. Nonetheless even if inflation is just 0.8% per anum and your wages are stagnant then you are sliding backwards at a rapid rate if it keeps up for a few years

0 ( +1 / -1 )

This situation expecting to be worse day by day.

If Japanese company paying higher to their overseas foreign employee and cutting/paying less in domestic for same work, same positions.

0 ( +0 / -0 )

"Inflation stood at 0.8 percent year-on-year in July, unchanged from the previous month and still far below the Bank of Japan's two percent target."

Agree with kawbegawa, I don't want to see prices go up. Yeah, sure, the managers of the Bank of Japan don't have to worry if prices go up 2 percent, but a lot of other people do.

0 ( +0 / -0 )

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