Japanese Inflation Holds Near 23 Year Highs As Food, Energy, & TV Costs Soar

Zero Hedge ^ | 07/24/2014 | Tyler Durden

[Leaning Right]

Japanese CPI printed 3.6% in June, modestly down from May's 3.7% YoY, but hotter than the expected 3.5% YoY analysts predicted. If you don't eat food or use energy then inflation merely bit 2.3% of your income this year but if you did then you may have noticed that energy costs are 9.1% higher YoY, TVs +8.0%, and Food +4.1%

[Leaning Right]

Fortunately, there is very little inflation in the USA. I say this because even though my bills keep climbing, the US government keeps saying that there is no inflation here in the USA.

[Wyatt's Torch]

The desperately need it as they have been in a deflationary spiral for 20 years.

[Ken H]

TVs +8.0%

Nooo! Where's my old WIN button?

[Pearls Before Swine]

Abenomics ... this must mean it’s working. /S, I think.

[gaijin]

Imagine the outrage there if instead their WHOLE MEDIA was screaming on a DAILY BASIS about how THERE IS NOOOOO INFLATION.

And about green shoots.

And about the Wonderful Economic Recovery.

I’ll bet you CAN imagine that, right?

[roadcat]

I’ll bet you CAN imagine that, right?

Imagination is a very powerful thing. I've been imagining that every restaurant I go to has recently printed new menus with higher prices. And I'm imagining my money disappears faster after grocery shopping. I'm hoping for change, for the better.