Japan April Wholesale Inflation Steady as Weak Yen Boosts Import Costs
![](https://japannews.yomiuri.co.jp/wp-content/uploads/2024/05/2015-05-28T120000Z_1020680227_GF10000110283_RTRMADP_3_JAPAN-ECONOMY-PRICES.jpg)
A shopper is seen between price boards at a drug store in Tokyo, Japan, May 28, 2015.
10:53 JST, May 14, 2024
TOKYO (Reuters) – Japan’s wholesale prices rose 0.9% in April from a year earlier, steady from the previous month as the yen’s decline pushed up import costs, central bank data showed on Tuesday.
The rise in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, compared with the median market forecast for a 0.8% gain and followed a 0.9% increase in March.
The yen-based import goods price index jumped 6.4% in April from a year earlier after a 1.4% increase in March, reflecting the currency’s recent sharp declines, the data showed.
"News Services" POPULAR ARTICLE
-
FBI Identifies Thomas Matthew Crooks as ‘Subject Involved’ in Trump Rally Shooting
-
Donald Trump Whisked off Stage in Pennsylvania after Apparent Gunshots Rang Through the Crowd
-
Japanese Executive among 11 Arrested in Myanmar for Inflating Rice Prices
-
Japan’s Nikkei Reclaims 40,000 Level on Weak Yen, Foreign Buying (UPDATE 1)
-
U.S. President Joe Biden Drops Out of the 2024 Race after Disastrous Debate Inflamed Age Concerns
JN ACCESS RANKING