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Japan producer costs up 3.6 pct in July

TOKYO, Aug. 10 (Xinhua) — Producer costs in Japan in July rose 3.6 % from a 12 months earlier, marking the twenty ninth consecutive month of improve, knowledge confirmed Thursday.

According to the Bank of Japan (BOJ), the producer value index, which measures prices of products traded between companies, stood at 119.3 in opposition to the 2020 base of 100.

The tempo of development in July slowed for the seventh consecutive month and was the slowest improve since March 2021, the info confirmed.

Although firms continued to go larger prices on to costs, producer costs grew at a slower charge, partly reflecting decrease assets costs, mentioned the central financial institution.

Of the 515 gadgets surveyed by the BOJ, costs for 436 gadgets climbed, whereas beverage and meals costs rose 6.1 % amid rising strikes to go on larger supplies prices to costs.