Business · Economy · 1 hr ago

Japan’s corporate goods prices rose 7.1% in October

Japan’s corporate goods prices rose 7.1% in October

The Bank of Japan said corporate goods prices rose 7.1% in October compared with a year earlier.

The index measures prices for goods traded between businesses in Japan.

Its preliminary reading was 136.8, using the average level in 2020 as 100.

The annual increase was 0.3 percentage points faster than in September and 0.6 points above private forecasts.

Oil and coal products helped drive the faster rise.

Changes in business prices can affect consumer inflation, alongside prices for services sold to businesses, but no next step was given.

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