Japan's wholesale inflation slows for 6th straight month
From channelnewsasia.com
Japan's wholesale inflation slowed for a sixth straight month in June due to sliding fuel and commodity prices, data showed on Wednesday, a sign the cost-push pressure that drove up consumer prices is steadily easing. The data underscores the central bank's view that consumer inflation will slow in coming months as global commodity prices slide from last year's peak levels. "Sectors like beverage and food makers continue to pass on higher raw material costs. But the pace appears to be moderating," Masato Higashi, head of the Bank of Japan's price statistics division, told a briefing. The corporate goods price ...
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