Japan's Wholesale Prices Rise More Than Expected on Sticky Food Inflation
Japan's wholesale prices rose more than expected in October as the cost of rice and other food remained stubbornly high, data showed on Thursday, keeping pressure on the central bank to resume interest-rate increases.
Analysts said wholesale inflation was likely to moderate in the coming months, but renewed yen weakness could push up the cost of imports and keep prices elevated.
The corporate goods price index, which measures the prices that companies charge each other for their goods and services, rose 2.7% in October from a year earlier, slowing from 2.8% in September but exceeding market forecasts for a 2.5% increase...
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