TOKYO, July 12 (Xinhua) — Producer costs in Japan rose 4.1 % in June from a 12 months in the past, marking the twenty eighth consecutive month of improve, knowledge confirmed on Wednesday.
According to Bank of Japan (BOJ), the producer value index, which measures prices of products traded between companies, stood at 119.0 in opposition to the 2020 common of 100.
The improve in June, nonetheless, was lower than a 5.2-percent progress logged in May and was at its slowest tempo in additional than two years as a result of decrease power prices, the info confirmed.
Producer inflation slowed for the sixth straight month as the price of crude oil and different power merchandise trended downward, hitting the bottom degree since April 2021, mentioned the central financial institution.
Of the 515 objects surveyed by the BOJ, costs for 430 objects rose, down barely from 437 the earlier month, whereas electrical energy, metropolis gasoline and water provide charges climbed 5.3 pct, after a 12.8-percent rise in May.