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While consumers cut back on goods spending, spending on services jumped.
“Productions have to start making choices” due to inflation and supply snags, says Winston Cho of The Hollywood Reporter.
Japan had struggled to even reach the central bank inflation target of 2%.
We don’t know. But the Taylor principle says rates should increase at least to the level of annual inflation to control rising prices.
Schools provide meals to millions of kids each day, and they’re closely watching food inflation.
The consumer price index captures how much urban residents spend on goods and services, but it misses some of the nuance of rural life.