SUBSCRIBERS
Japan reshuffles items in CPI basket as population ages
Published Fri, Jul 17, 2015 · 09:50 PM
Tokyo
JAPAN is conducting a reshuffle of goods in its consumer price index basket that will ditch items on the kids' menu in exchange for hearing aids to reflect changes in consumer spending caused by its rapidly ageing population.
The reshuffle, which takes place once every five years, removes items from the basket that consumers are spending less on and replaces them with items that shoppers are buying more often.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
When US diplomats visit China, meal choices are about more than taste buds
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb