Home / Business and Economy / Japan's Wholesale Prices Surge 6.3% in May
Japan's Wholesale Prices Surge 6.3% in May
10 Jun
Summary
- Wholesale prices in Japan increased by 6.3% year-on-year in May.
- This rise exceeded the market's median forecast of 5.5%.
- The corporate goods price index also saw a 0.9% increase month-on-month.
In May, Japanese wholesale prices saw a substantial year-on-year increase of 6.3%. This inflation rate exceeded economists' median forecast of a 5.5% rise, signaling upward cost pressures for businesses. The corporate goods price index, which tracks inter-company pricing, followed April's 5.3% increase with this more significant jump.
Further details from the Bank of Japan data revealed a 0.9% month-on-month increase in the wholesale price index. This trend indicates a persistent rise in the cost of goods and services exchanged between companies, potentially impacting consumer prices in the near future.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
