Japan’s Wholesale Inflation Tops 7%
TOKYO –
Japan’s corporate goods price index rose 7.1% in October from a year earlier, returning to the 7% range for the first time in two months and highlighting persistent inflationary pressures on businesses, according to data released by the Bank of Japan on November 12th.
The domestic corporate goods price index, which measures prices of goods traded between companies, stood at 136.8 in October, reflecting continued increases in wholesale prices.
By product category, nonferrous metals recorded a sharp 31.7% increase from a year earlier, while petroleum and coal products rose 15.9%, contributing to the overall rise in producer prices.
The latest figures indicate that businesses continue to face substantial cost pressures, particularly from metals and energy-related products, as wholesale inflation remains elevated.
Source: テレ東BIZ
