Shoppers look at packs of sugars at a luxury food store in Tokyo. REUTERS/Yuya Shino/File photo
TOKYO – Japan’s wholesale inflation slowed for a sixth straight month in June due to sliding fuel and commodity prices, data showed on Wednesday, a sign the cost-push pressure that drove up consumer prices is steadily easing.
The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, rose 4.1 percent in June from a year earlier, data showed, slower than a median market forecast for a 4.3 percent increase. It followed a 5.2- percent gain in May, the Bank of Japan (BOJ) data showed.
The BOJ has stressed its resolve to maintain ultra-loose monetary policy until the recent cost-driven rise in inflation shifts to price gains driven by robust domestic demand, and accompanied by higher wages.
RELATED STORIES:
Japan’s wholesale inflation eases, goods close to consumers continue to rise
Japan’s consumer inflation stays above central bank target as price hikes broaden
Your subscription could not be saved. Please try again.
Your subscription has been successful.
Read Next
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.
For feedback, complaints, or inquiries, contact us.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
