Latest news with #wholesaleinflation
CNA
10-07-2025
- Business
- CNA
Japan's wholesale inflation slows, relieves interest rate-hike pressure
TOKYO :Japan's annual wholesale inflation slowed in June for the third successive month, data from the Bank of Japan showed on Thursday, backing up the central bank's view that price pressure from rising raw material costs will gradually dissipate. While food prices continued to rise steadily, some analysts said they expect inflationary pressure to moderate in coming months as pain from U.S. tariffs on Japan's economy intensifies. "As wholesale inflation slows, consumer inflation will likely face stronger downward pressure with some lag," said Masato Koike, senior economist at Sompo Institute Plus. "Japan's trade talks with the U.S. seem deadlocked, so it will likely take time for uncertainty to fade. By then, consumer inflation will slow and make it hard for the Bank of Japan to raise interest rates," Koike said. The corporate goods price index, which measures the price companies charge each other for their goods and services, rose 2.9 per cent in June from the same month a year earlier, the data showed, matching a median market forecast. The index, a leading indicator of consumer inflation, slowed from a revised 3.3 per cent in May due partly to falling prices of fuel and metal products, the data showed. The yen-based import price index dropped 12.3 per cent in June from a year earlier, after a 10.3 per cent decline in May, indicating the currency's rebound pushed down raw material import costs. Food and beverage prices rose 4.5 per cent in June on stubbornly high cost of rice, though it slowed from a 4.7 per cent increase in May, the data showed. The BOJ ended a decade-long stimulus programme last year and in January raised its policy interest rate to 0.5 per cent on the view that inflation was on the cusp of durably meeting its 2 per cent target. While the BOJ expects food inflation to moderate this year, it has signalled readiness to raise the interest rate again once the economy resumes a recovery on solid wage gain. The core consumer inflation rate hit a more than two-year high of 3.7 per cent in May, remaining above the BOJ's 2 per cent target for well over three years, due largely to a surge in food costs.
CNA
10-07-2025
- Business
- CNA
Japan June wholesale prices rise 2.9% y/y
TOKYO :Japan's annual wholesale inflation slowed in June for the third straight month, data showed on Thursday, backing up the central bank's view that price pressures from rising raw material costs will gradually dissipate. The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, rose 2.9 per cent in June from a year earlier, Bank of Japan data showed, matching a median market forecast and slowing from a revised 3.3 per cent gain in May. The yen-based import price index fell 12.3 per cent in June from a year earlier, after a 10.3 per cent drop in May, indicating the currency's rebound was pushing down raw material import costs.
Reuters
16-06-2025
- Business
- Reuters
India's May wholesale inflation at 0.39% y/y, lowest in over a year
NEW DELHI, June 16 (Reuters) - India's wholesale inflation (INWPI=ECI), opens new tab in May slowed to 0.39% year-on-year from 0.85% in April, government data showed on Monday. Economists polled by Reuters had estimated wholesale price inflation at 0.8%. Wholesale inflation in May was lowest since 0.26% recorded in March 2024. Annual retail inflation (INCPIY=ECI), opens new tab slowed to 2.82% in May, the lowest in more than six years, from 3.16% in April. * Wholesale food prices rose 1.72% year-on-year in May against a 2.55% rise in April * Vegetable prices fell 21.62% against an 18.26% drop in April * Prices of manufactured products rose 2.04% in May against a 2.62% growth in April * Fuel and power prices fell 2.27% in May against a 2.18% drop in April
Wall Street Journal
14-06-2025
- Business
- Wall Street Journal
Wholesale Inflation Undershot Forecasts in May
Wholesale inflation undershot expectations last month, according to a Labor Department report that came a day after a weaker-than-forecast reading on consumer prices. Producer prices rose 0.1% in May from April, below the 0.2% rise economists polled by The Wall Street Journal had expected. Over the past 12 months, the producer-price index rose 2.6%, slightly above April's revised figure.
NHK
11-06-2025
- Business
- NHK
Japan's wholesale inflation eases in May
Wholesale inflation in Japan eased in May, mainly due to lower crude oil prices. The Bank of Japan's preliminary Producer Price Index rose 3.2 percent last month from a year earlier, slowing from the 4.1 percent increase logged in April. The cost of goods traded between companies gained on the back of higher prices of farmed products such as rice and chicken in the month. Meanwhile, the import price index declined 10.3 percent year-on-year in yen terms, due to a drop in crude oil prices. The central bank has said it will keep a close watch on changes in demand trends amid concern over the Trump administration's tariff measures and a possible global economic slowdown.
