TOKYO, July 10 (Xinhua) -- Japan's wholesale prices jumped 7.1 percent year on year in June, marking the sharpest rise in more than three years, the Bank of Japan said Friday.
The increase in goods prices traded between companies accelerated from a revised 6.6 percent gain in May and was the fastest since March 2023, underscoring mounting inflationary pressure in the resource-poor country, which relies heavily on imports of oil and other petroleum products from the Middle East.
Nonferrous metals, and petroleum and coal products were among the categories posting the largest year-on-year price hikes.
The data came as the Bank of Japan weighs the appropriate timing to raise its key policy interest rate further to sustainably achieve its 2 percent inflation target, after lifting the rate to a 31-year high of 1.0 percent in June.
Meanwhile, import prices soared 29.7 percent from a year earlier, while export prices rose 20.7 percent. Enditem
京公网安备 11010802027341号