Japan's producer prices climbed 3.8% yearly, fueled by rises in agriculture and energy costs.

Japan's producer prices rose 3.8% year-on-year in December, driven by higher agricultural and energy costs. The Corporate Goods Price Index (CGPI) showed a 31.8% jump in agricultural goods and a 12.9% increase in energy prices. The full-year CGPI increased 2.3%, a slowdown from the previous year. The data, indicating ongoing price pressures, could influence the Bank of Japan to consider raising interest rates at their upcoming meeting.

2 months ago
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