Japan's wholesale prices increased 0.6% YoY in February due to end of government subsidies for electricity and gas, driving up CGPI.
Japan's wholesale prices increased 0.6% year-over-year in February, driven by the end of government subsidies for electricity and gas. The Corporate Goods Price Index (CGPI) rose for the first time in 14 months, with 400 out of 515 surveyed items experiencing price increases. Businesses are passing on rising costs for foods, beverages, raw materials, and energy, resulting from increased corporate cost burdens.
March 12, 2024
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