Consumer spending in August + 1% Consumer spending increased before the consumption tax increase October 8th 10:54
However, the money spent by households in August increased by 1% over the same month last year, increasing for nine consecutive months. Before raising the consumption tax rate, spending on home appliances such as washing machines and air conditioners increased.
According to a household survey released by the Ministry of Internal Affairs and Communications, the amount spent for consumption by households except living alone in August was 296,327 yen per household.
Expenditure, excluding the impact of price fluctuations, increased by 1% over the same month last year and increased for nine consecutive months.
In August, before the consumption tax rate was raised to 10%, spending on purchasing cars increased, and spending on household appliances such as washing machines and air conditioners also increased.
Also, spending on “interior decorations” such as paintings and figurines has increased.
On the other hand, salaried workers' household income was 52,1571 yen per household, a 2.1% decrease from the same month last year due to a decrease in overtime pay during summer vacation.
According to the Ministry of Internal Affairs and Communications, “The last time the consumption tax rate was raised five years ago, there was a large increase in spending for more than half a year depending on the product. I want to judge whether the increase in spending on products is a rush demand, based on the results in September. "