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Japan's wholesale inflation slowed to 2.4% in December 2025, driven by lower fuel costs, but inflation remains above target.
Japan's wholesale inflation slowed to a 2.4% annual rise in December 2025, down from 2.7% in November, according to Bank of Japan data released January 15, 2026, driven by lower fuel costs despite ongoing pressure from labor and raw material expenses.
The corporate goods price index (CGPI) met expectations, while import prices held steady after a prior decline, signaling renewed inflation risks from the weak yen.
The BOJ will review the data in its January 22–23 policy meeting as it weighs further rate hikes amid persistent inflation above its 2% target.
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La inflación mayorista de Japón se desaceleró al 2,4% en diciembre de 2025, impulsada por menores costos de combustible, pero la inflación sigue por encima del objetivo.