Consumer spending in September + 9.5% November 8 at 11:08 on rush demand just before the consumption tax hike
Just before raising the consumption tax rate to 10%, the money spent by households in September increased by 9.5% over the same month last year as spending increased on a wide range of items such as refrigerators, air conditioners, and railway commuter passes. . According to the Ministry of Internal Affairs and Communications, “expenditure increased temporarily due to rush demand”.
According to a household survey released by the Ministry of Internal Affairs and Communications, the amount spent for consumption by non-living households in September was 300,609 yen per household.
Expenditure, excluding the impact of price fluctuations, increased 9.5% over the same month last year, increasing for 10 consecutive months.
The increase was the largest since January 2001, when comparable.
September was just before the consumption tax rate was raised to 10%, so there were a wide range of household appliances such as refrigerators, air conditioners, TVs, daily necessaries such as toilet paper and detergents, train commuter passes, alcohol, and home renovation. It means that expenditure has increased by item.
On the other hand, salaryman household income was 457,427 yen per household, a 0.4% decrease from the same month last year.
The Ministry of Internal Affairs and Communications stated that “expenditure has increased temporarily due to rush demand, etc. The scale is expected to be smaller than the previous tax increase, but I would like to carefully monitor the consumption trend since October when the reaction is expected to occur.” is.