TOKYO, Dec. 12 (Xinhua) — Japan’s producer costs rose 0.3 % in November from a yr earlier, marking the smallest enhance since February 2021, the Bank of Japan (BOJ) stated Tuesday.
The producer worth index, which measures prices of products traded between companies, rose for 33 months in a row, however the tempo of development has been slowing for 11 straight months after peaking at 10.6 % final December, based on the BOJ.
Government subsidies geared toward curbing gasoline costs pushed down the index’s enhance by 0.9 proportion factors, the BOJ stated.
Producer costs had been up for 405 of the 515 objects surveyed, whereas costs fell for 93 objects.
Prices of electrical energy, fuel and water fell sharply, down by 24.5 %, whereas costs of lumber and wooden merchandise dropped 16.7 % and people for iron and metal fell 4.1 %.