Recent Developments 4  y/y % chg.
Effects of the consumption tax hikes and free education policies Energy  CPI (less fresh food) 2  3  1  2  0  1  -1  0  -2  -1  Others CPI (less fresh food)  -3 CY 95  -2 00  05  10  15  CY 1 4  15  16  17  Note: In the left chart, figures exclude the effects of the consumption tax hikes.