Japan's Wholesale Inflation Slows Down Below 1% for First Time in Over Two Years

Japan
Input prices for Japanese firms rose by 0.8% from a year earlier, falling short of economists' expectations of a 0.9% increase.
Japan's wholesale inflation has slowed down below 1% for the first time in over two and a half years in October.
The corporate goods price index (CGPI) increased by 0.8% in October from a year earlier.
The data also showed a sharp decline in lumber and utilities costs compared to the previous year.
This marks the 10th straight month of slowing wholesale inflation.

Japan's wholesale inflation has slowed down below 1% for the first time in over two and a half years in October, indicating a decrease in cost pressures that had been driving up prices for a wide range of goods. This slowdown in commodity-led inflation aligns with the Bank of Japan's projections. The corporate goods price index (CGPI) increased by 0.8% in October from a year earlier, marking a significant cooling from previous rates. This marks the 10th straight month of slowing wholesale inflation.

Input prices for Japanese firms rose by 0.8% from a year earlier, falling short of economists' expectations of a 0.9% increase. The data also showed a sharp decline in lumber and utilities costs compared to the previous year. However, the yen's recent slide may renew upward moves in import costs. The slowdown in inflation supports the Bank of Japan's view that inflation is cooling.

The slowdown in inflation is a key indicator of the state of the economy and could have implications for future monetary policy decisions. The Bank of Japan will likely monitor these trends closely as it considers its next steps.


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97%

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    • This marks the 10th straight month of slowing wholesale inflation.
  • Accuracy
    No Contradictions at Time Of Publication
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98%

  • Unique Points
    • Input prices for Japanese firms rose 0.8% from a year earlier, compared to economists' expectations of a 0.9% increase.
    • The data also showed a sharp decline in lumber and utilities costs compared to the previous year.
    • However, the yen's recent slide may renew upward moves in import costs.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
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    None Found At Time Of Publication
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    None Found At Time Of Publication

94%

  • Unique Points
    None Found At Time Of Publication
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication