Prices tick up helped by the rising cost of oil but a slump in household spending clouds the outlook Japan's core consumer prices have risen for the first time in over a year thanks to a pickup in energy costs, marking a rare victory in the government's long battle against deflation. But a slump in household spending showed by 1.2% compared with January last year showed why economic growth and inflation have lagged the more ambitious goals set out by policymakers.
Prices tick up helped by the rising cost of oil but a slump in household spending clouds the outlook Japan's core consumer prices have risen for the first time in over a year thanks to a pickup in energy costs, marking a rare victory in the government's long battle against deflation. But a slump in household spending showed by 1.2% compared with January last year showed why economic growth and inflation have lagged the more ambitious goals set out by policymakers.
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