TOKYO: Japanese wholesale inflation slowed below 1 per cent for the first time in just over 2-1/2-years, data showed on Monday (Nov 13), a sign that cost-push pressures that had been driving up prices for a wide range of goods were starting to fade.
The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, increased 0.8 per cent in October from a year earlier, roughly matching a median market forecast for a 0.9 per cent gain but cooling significantly from a 2.2 per cent rise in September.
That marked the 10th straight month of slowing wholesale inflation with the year-on-year growth rate coming in below 1 per cent for the first time since February 2021, the data showed.
