Japan’s wholesale prices in June surged 7.1% from a year earlier, accelerating from the previous month in a sign of mounting inflationary pressure from the energy shock caused by the Middle East conflict.
The rise in the producer price index was faster than the median market forecast for a 6.8% increase and followed a revised 6.6% increase in May.
The yen-based import price index in June rose 29.7% from a year earlier, accelerating from a revised 26.1% gain in May, data released by the Bank of Japan (BOJ) showed on Friday.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
