TOKYO, May 16 (News On Japan) –
Japan’s corporate goods prices rose 4.9% in April from a year earlier, far exceeding market expectations as soaring crude oil prices linked to tensions in the Middle East pushed wholesale inflation to its highest level in nearly three years.
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The Bank of Japan said on May 15th that the corporate goods price index accelerated sharply from the 2.9% increase recorded in March, marking the fastest pace of growth since May 2023.
Higher energy-related costs were a major factor behind the rise. Compared with the previous month, prices for petroleum and coal products, including naphtha and diesel fuel, climbed 11.8%, while electricity, city gas and water charges increased 8.4%.
The data highlights the growing impact of rising raw material and energy costs on Japanese companies, raising concerns that the burden could eventually spread further to consumer prices.
Source: テレ東BIZ
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: newsonjapan.com
