By Leika Kihara TOKYO (Reuters) – Japanese wholesale prices rose at the fastest annual pace in nearly nine years in August as robust Chinese demand boosted commodity prices, offering glimmers of hope consumer inflation will accelerate toward the central bank’s 2 percent target. But some analysts warn the pick-up in wholesale inflation won’t be strong enough to nudge companies into boosting retail goods prices. “The rise was driven mostly by items affected a lot by global commodities prices,” such as crude oil and metal goods, said Toru Suehiro, senior market economist at Mizuho Securities. “Inflationary pressure remains weak for items like machinery,” he said, adding that wholesale inflation will likely peak around October. Wholesale prices rose 2.9 percent in August from a year earlier, increasing for the eighth straight month and marking the fastest pace of growth since October 2008, Bank of Japan data showed on Wednesday. The rise in the corporate goods price index (CGPI), which measures the price that firms charge each other for their goods and services, was roughly in line with a median market forecast for a 3.0 percent increase. The July gain was 2.6 percent. The increase was driven largely by rising import prices of… Read full this story
- Iranian Oil Bourse Could Accelerate Uranium Price Rise
- Johannesburg - The Fastest Paced City in Africa
- Beware: Wholesale Playstation 3 Price Scams
- 21 Reasons for Exporting a Used Car from Japan
- How To Get A Wholesale PlayStation 3 Online
- Would You Like To Buy Wholesale Diamonds?
- Wholesale Gift Packaging: Cost-effective Way to Differentiate Your Retail Store
- Mortgages and House Prices in the UK Reach New High
- Trends in Crude oil Prices
- Northern Ireland House Price Boom 'Not Sustainable'
Japan August wholesale prices rise at fastest pace in nine years have 268 words, post on www.nydailynews.com at September 13, 2017. This is cached page on CuBird. If you want remove this page, please contact us.