Japan’s wholesale inflation accelerated in September but prices of imported goods fell due to the yen’s recovery, data showed on Thursday, suggesting price pressures from commodity costs were easing.
The fall in import costs is likely to shift the Bank of Japan’s attention to whether a more demand-driven rise in inflation will materialize in the world’s fourth-largest economy.
The business goods price index (CGPI), which measures the price companies charge each other for their goods and services, rose 2.8% in September from a year earlier, BOJ data showed, bringing the average market forecast of a 2.3% gain was exceeded.
