TOKYO, Sept. 13 (Xinhua) — Producer costs in Japan rose 3.2 p.c in August from a yr earlier, marking the thirtieth consecutive month of improve, official information confirmed Wednesday.
According to preliminary figures from the Bank of Japan (BOJ), the producer worth index, which measures prices of products traded amongst companies, stood at 119.6 in opposition to the 2020 base of 100.
Given the rise in company costs was primarily pushed by import worth hikes, the expansion slowed from 9.8 p.c registered in the identical interval final yr, as worldwide commodity costs have began to ease off.
On a month-on-month foundation, the producer worth index in August grew 0.3 p.c from the earlier month.
According to the BOJ, costs elevated on about 84 p.c of 515 objects surveyed, and companies are persevering with to cross on the rising prices of meals and drinks, in addition to paper and pulp.
Costs for companies are additionally rising as a result of weak yen and rising crude oil costs globally.