TOKYO, Oct. 12 (Xinhua) — Producer costs in Japan, which measure prices of products traded between companies, rose 2 p.c in September from a 12 months earlier, knowledge confirmed Thursday.
According to the Bank of Japan (BOJ), the tempo of development in September slowed for the ninth consecutive month and was the slowest studying since March 2021.
The central financial institution mentioned companies are nonetheless passing on the rising price of meals and drinks, in addition to pulp and paper merchandise. But the information confirmed an ongoing drop in imported supplies, particularly in wooden and power, consistent with the BOJ’s view that price stress for producers is moderating.
Of the 515 objects surveyed, the price of round 82 p.c rose.