Japan's wholesale prices rose 9.0% in August from the previous year, matching the annual pace of growth in July, data showed on Tuesday, signalling that persistently high raw material costs continued to squeeze corporate margins.
The rise in the corporate goods price index , which measures the price companies charge each other for their goods and services, was largely in line with a median market forecast for a 8.9% increase, Bank of Japan data showed.
Reflecting easing input pressure, however, wholesale prices rose just 0.2% in August from the previous month, slower than a revised 0.7% month-on-month increase marked in July. A weak yen has inflated the cost of importing already rising prices of raw material goods, weighing on corporate profits and forcing a growing number of firms to hike prices.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Venture funding for NFT and gaming firms jumped 66% from July to AugustFunding for NFT and gaming-related venture deals jumped 66% in August from the previous month, according to The Block Research.
Weiterlesen »
Japan to Reopen to Tourists Despite Record Covid-19 Cases in AugustJust 245,900 foreign tourists visited Japan in 2021, the lowest number since records started in 1964.
Weiterlesen »
Cartridge Battery Seen Effective To Lower EV Operational Cost In Logistics IndustryLast July, the Commercial Japan Partnership Technologies Corporation (CJPT) announced a partnership with Technologies Corporation (CJPT)
Weiterlesen »
GameFi fundraising jumps 135% in August, but is still down from June: ReportThe blockchain gaming industry is expected to raise $10 billion in funds this year, a 20% increase from last year, according to the report.
Weiterlesen »
Americans' inflation expectations dropped again in August, New York Fed saysThe New York Federal Reserve released a new survey on Monday revealing that American households expect inflation to cool slightly over the next three years.
Weiterlesen »
U.S. stocks gain ground as investors await August inflation readingThe positive mood from the last several days - which helped Wall Street snap a three-week losing streak - was continuing into the new session.
Weiterlesen »