3 days ago
Japan wholesale inflation slows in May
TOKYO, June 11 (Reuters) - Japan's wholesale prices rose 3.2% in May from a year earlier, data showed on Wednesday, slowing from April in a sign falling import costs for raw materials were easing price pressures for companies.
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% annual increase and follows a revised 4.1% increase in April.
The yen-based import price index fell 10.3% in May from a year earlier after a revised 7.3% drop in April, the data showed, indicating the currency's rebound was pushing down the cost of raw material imports.
