Economic Indicators
Japan’s August wholesale inflation slows on yen rebound
2024.09.11 20:25
By Leika Kihara
TOKYO (Reuters) – Japan’s wholesale inflation hit 2.5% in August, slowing from the previous month as the yen’s rebound eased pressure on import costs, data showed on Thursday.
The rise in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, was slower than a 2.8% annual increase and followed a 3.0% gain in July.
The slowdown in wholesale inflation, which will affect the broader consumer price data in coming months, may take some pressure off the Bank of Japan to address upward price pressure with near-term interest rate hikes.
