Japan's wholesale prices rise 0.9% on year in Nov.

16:58, December 10, 2010      

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Japan's wholesale prices rose 0.9 percent in November from a year earlier, the Bank of Japan said in a report on Friday.

November's reading was higher than analysts' expectations for a 1.0 percent annual gain and followed a revised 0.8 percent annual increase in October.

Overall final goods prices, which refers to the prices of finished products charged to businesses, retreated 0.6 percent from a year earlier, the central bank's monthly report revealed.

Domestic final goods prices, which loosely track the consumer price index, fell 0.2 percent from a year earlier, the BOJ said.

Export prices, meanwhile, rose 1.2 percent on month but dropped 3.1 percent on year, the data showed.

Meanwhile, import prices gained 2.5 percent on month and rose 3. 9 percent on year.

The corporate goods price index in Japan, on a monthly, quarterly and annual basis, is comprehensively tracked as these supply-side price pressures and increases in the index often precede upward movement in the CPI.

If an increase in the CGPI is followed by a rise in the CPI, concerns about inflation may prompt the Bank of Japan to raise interest rates, if the situation is reversed the opposite will happen.

The headline numbers are the percentage change in the index month or month and annually.

Source:Xinhua

(Editor:黄蓓蓓)

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