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Consumption tax hike lifts Tokyo consumer prices 2.7%

Underlying inflation stays at 1% in April, same as in March

Published Fri, Apr 25, 2014 · 10:00 PM
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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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