Producer prices in Japan rose by 6.3 per cent YoY in May compared to a 5.3-per cent rise in April, and crossing market forecasts of 5.5 per cent.
This was the fastest annual factory-gate inflation pace since March 2023, mainly driven by rising energy and commodity import costs due to the Iran war.
On a monthly basis, producer prices rose by 0.9 per cent, slowing from a revised 2.8 per cent rise in April.
This was the fastest annual factory-gate inflation pace since March 2023, mainly driven by rising energy and commodity import costs due to the Iran war.
On a monthly basis, producer prices rose by 0.9 per cent, slowing from a revised 2.8 per cent rise in April.
