Wholesale price index in Japan hits highest level in Nov 2022

15 Dec 22 1 min read

Amid surging energy costs, Japan's wholesale prices reached the highest level in November this year, with the corporate goods price index increasing by 9.3 per cent from a year earlier, according to Bank of Japan data. The key index rose for the 21st straight month to 118.5 last month, reaching its highest level since comparable data became available in 1960.

The biggest contributor to the rises in corporate prices during the month was the price of electric power, gas and water, which rose by 49.7 per cent from a year earlier, a news agency reported citing a bank document.

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The corporate goods price index measures prices that companies charge each other for goods and services.

Fibre2Fashion News Desk (DS)

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