Japan's wholesale prices rose by 2.8% YoY in September, with inflationary pressures on raw materials.

In September, Japan's wholesale prices rose by 2.8% year-on-year, outpacing market expectations and reflecting sustained inflationary pressures on raw materials. This increase in the Corporate Goods Price Index (CGPI) followed a 2.6% rise in August. Notably, the yen's strengthening led to a 2.6% decline in import prices, potentially influencing the Bank of Japan's future monetary policy, including possible interest rate hikes if demand-driven inflation emerges.

October 10, 2024
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