Japan’s rising wholesale inflation heightens uncertainty on BOJ’s rate hike timing By Reuters

Last Updated: November 13, 2024Categories: EconomyBy Views: 29

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By Leika Kihara

TOKYO (Reuters) – Japan’s wholesale inflation accelerated in October as renewed yen falls pushed up import charges for some items, details showed on Wednesday, complicating the central bank’s resolution on how quickly to take hobby charges.

The company items worth index (CGPI), which measures the cost that firms worth each and every assorted for items and providers and products, rose 3.4% in October from a twelve months earlier, Monetary institution of Japan details showed, above market forecasts for a 3.0% execute.

© Reuters. FILE PHOTO: A girl chooses vegetables at a supermarket in Tokyo, Japan October 21, 2022. REUTERS/Kim Kyung-Hoon/File Checklist

It adopted a 3.1% execute bigger in September.

The yen-primarily primarily based import worth index fell 2.2% in October from a twelve months earlier, no longer up to the two.5% descend in September, the guidelines showed.

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