TOKYO : Japan's annual wholesale prices rose at a faster-than-expected pace in December, data showed on Monday, adding to recent growing signs of inflationary pressure that could keep the central bank under pressure to raise interest rates.The 10.2 per cent year-on-year rise in the corporate goods price i
TOKYO : Japan's annual wholesale prices rose at a faster-than-expected pace in December, data showed on Monday, adding to recent growing signs of inflationary pressure that could keep the central bank under pressure to raise interest rates.
While global commodity prices slipped, companies continued to pass on past increases in raw material costs for goods such as auto parts and electricity equipment, said a BOJ official briefing reporters on the data. For the whole of 2022, wholesale prices rose 9.7 per cent on average from the previous year, hitting a record high since comparable data became available in 1981. It was much higher than a 4.6 per cent gain in 2021.
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Japan December wholesale prices rise more than expectedTOKYO : Japan's wholesale prices rose a faster-than-expected 10.2 per cent in December from a year earlier, data showed on Monday, adding to recent growing signs of inflationary pressure that could keep the central bank under pressure to raise interest rates.The rise in the corporate goods price index (CG
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