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Japan's wholesale inflation slows sharply, reflecting eased cost pressure
Posted on December 18, 2023 |
In November, Japan's wholesale prices rose by 0.3% compared to the previous year, marking a noticeable slowdown.
The corporate goods price index (CGPI), measuring prices exchanged between companies, surpassed market predictions with a 0.3% increase, following a 0.9% gain in October.
The Bank of Japan expects the slowdown in wholesale inflation to persist, driven by declining commodity prices and the impact of last year's substantial increase in fuel costs.