Japan’s wholesale price up 8.6% in July

Japan’s wholesale prices rose by 8.6% year-on-year in July. Compared with the previous month, the increase slowed, suggesting that inflationary pressure may be easing due to falling global raw material costs.

The increase in the Corporate Price Index (CGPI), which measures the prices companies charge each other for goods and services, rose 9.4% in June.

Bank of Japan (BOJ) data show that oil and coal prices rose 14.7% in July from a year earlier. The increase slowed from 21.8% rise in June.

There was also a moderate price increase for products such as wood and chemicals.

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