The Economic Times reported on the 13th that data released by the Japanese government on Tuesday showed Japan's September Corporate Goods Price Index (CGPI) rose 6.8% year-on-year, lower than the market forecast median of 7.6%, and also slowed from the 7.6% increase in August.
The data reflects businesses passing on rising fuel and chemical costs, while highlighting increasing inflationary pressures, further supporting expectations for the Bank of Japan to raise interest rates again.
In addition, the data showed that the import price index in yen terms surged 24.5% year-on-year in September, indicating that the weak yen continues to push up raw material import costs. (rc)
The data reflects businesses passing on rising fuel and chemical costs, while highlighting increasing inflationary pressures, further supporting expectations for the Bank of Japan to raise interest rates again.
In addition, the data showed that the import price index in yen terms surged 24.5% year-on-year in September, indicating that the weak yen continues to push up raw material import costs. (rc)
