Wholesale inflation in Japan increased for a 15th straight month in May as the conflict in Ukraine drove up raw material costs.
Preliminary data from the Bank of Japan show that the Producer Price Index rose 9.1 percent last month from a year earlier.
Prices increased for over 80 percent of goods traded among companies. The biggest rises were for lumber, iron and steel, as well as petroleum products.
More firms are passing on higher raw material costs in the prices they charge their business customers.
Preliminary data from the Bank of Japan show that the Producer Price Index rose 9.1 percent last month from a year earlier.
Prices increased for over 80 percent of goods traded among companies. The biggest rises were for lumber, iron and steel, as well as petroleum products.
More firms are passing on higher raw material costs in the prices they charge their business customers.
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Summary
Japan experienced a 15th consecutive month of wholesale inflation in May, with the Producer Price Index rising by 9.1% year-on-year. The primary causes were escalating raw material costs due to the Ukraine conflict. Over 80% of traded goods saw price increases, with significant rises observed in
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ID: 62a356d0-bca4-48fe-a79a-162ac0a80b98
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20220610_32/
Date: June 10, 2022
Created: 2022/06/10 23:36
Updated: 2025/12/09 15:37
Last Read: 2022/06/10 23:36