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.