Japan inflation at highest level since 2014

Japan’s inflation reaches 2.8% in August, the highest since 2014, due to soaring energy costs. – EPA pic, September 20, 2022.

INFLATION in Japan hit 2.8% in August, the highest level since 2014, government data showed today, as soaring energy prices bite.

The last time such figures were seen, prices had been artificially bolstered by an increase in VAT. Excluding years when tax hikes impacted the rate, August’s inflation was the fastest pace in nearly 31 years.

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