Even Japan is fighting inflation now ...Middle East

Quartz - Economy
Even Japan is fighting inflation now
source : Quartz ( Middle East ) () 23
By US standards, Japan’s inflation rate in May might feel paltry. Year on year, the consumer price index rose 2.5%, compared to a heated 8.6% in the US that same month.But to a country that has grown unused to inflation over the past three decades, even 2.5% hurts. Japan’s current encounter with inflation shows how factors like the Russia-Ukraine war, supply chain snags, and oil prices are combining to affect even one of the world’s most deflation-prone economies.https://datawrapper.dwcdn.net/eH5gp/2/Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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