Japan’s CGPI Climbs 2.9 Percent in June
This marks the first time in ten months that the year-on-year growth in wholesale prices has dipped below the 3% threshold, signaling a modest easing in inflationary pressures at the corporate level.
The index reached 126.2, based on 2020 as the reference year set at 100. The upward movement was largely driven by rising prices in the agricultural and food sectors, with notable increases in staples such as rice and chicken, which significantly contributed to the overall gain.
Despite the slowdown, cost pressures remain persistent across key supply chains, particularly in food-related categories. The Bank of Japan's data underscores the ongoing challenges businesses face in managing input costs amid a volatile global economic environment.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
