Consumption tax hike lifts Tokyo consumer prices 2.7%
Underlying inflation stays at 1% in April, same as in March
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Tokyo
CORE consumer prices in Tokyo have jumped by 2.7 per cent this month compared with their level a year ago, marking their biggest increase in 22 years, according to data released yesterday.
But the increase is a result of a consumption tax hike implemented on April 1 rather than a signal that the Bank of Japan's annual inflation target of 2 per cent is within reach.
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