TOKYO :Japan’s wholesale prices rose 3.2 per cent in May from a year earlier, data showed on Wednesday, slowing from April in a sign falling import costs for raw materials were easing price pressures for companies.
The rise in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, compared with a median market forecast for a 3.5 per cent annual increase and follows a revised 4.1 per cent increase in April.
The yen-based import price index fell 10.3 per cent in May from a year earlier after a revised 7.3 per cent drop in April, the data showed, indicating the currency’s rebound was pushing down the cost of raw material imports.
