Japan wholesale inflation slows in May
The rise in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, compared with a median market forecast for a 3.5 per cent annual increase and follows a revised 4.1 per cent increase in April.
The yen-based import price index fell 10.3 per cent in May from a year earlier after a revised 7.3 per cent drop in April, the data showed, indicating the currency's rebound was pushing down the cost of raw material imports.
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