TOKYO :Japan's wholesale inflation slowed for a fourth straight month in April as rises in raw material costs moderated, data showed on Monday, suggesting that consumer inflation will begin to ease back towards the central bank's 2 per cent target.The data may diminish market expectations that broadening infl
TOKYO :Japan's wholesale inflation slowed for a fourth straight month in April as rises in raw material costs moderated, data showed on Monday, suggesting that consumer inflation will begin to ease back towards the central bank's 2 per cent target.
The corporate goods price index , which measures the price companies charge each other for their goods and services, rose 5.8 per cent in April from a year earlier, slowing its annual pace of increase for the fourth straight month, BOJ data showed. "Many firms have yet to fully pass on past rises in input costs. We also might see companies hike prices to translate higher labour costs given big wage hikes they've agreed to in this year's wage negotiations with unions," said Takeshi Minami, chief economist at Norinchukin Research Institute.
The yen-denominated import price index fell 2.9 per cent in April from a year earlier after a revised 9.6 per cent gain in March, the data showed, a sign the cost of importing fuel and raw material was peaking.
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