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Japan's July wholesale inflation slows for seventh month
Japanese wholesale inflation slowed in July year-on-year, easing for a seventh straight month due to softer energy utility costs, central bank data showed on Thursday, a sign the pressures that drove up consumer prices are running their course. The 3.6% rise in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, compares with the median market forecast for a 3.5% annual increase and follows a 4.3% annual increase in June. After peaking at 10.6% in December, wholesale inflation has slowed for seven months in a row, the data showed. The data ... (full story)