Japan's wholesale prices rise 1.7% on year in Feb.

13:49, March 10, 2011      

Email | Print | Subscribe | Comments | Forum 

Japan's wholesale prices rose 1.7 percent in February from a year earlier, marking the fifth straight month of increase, the Bank of Japan (BOJ) said on Thursday.

The 1.7 percent prices rise logged in the recording period came in below median economists' forecasts for a 1.9 percent gain.

On a monthly basis the index rose 0.2 percent in February, compared with forecasts for a 0.4 percent gain. This follows a 0.5 percent increase logged in January, data from the BOJ showed.

The central bank's data showed that export prices rose 0.9 percent on month, but retreated 1.6 percent on year.

In addition, the Bank of Japan noted that import prices rose 1.6 percent on month and 7.6 percent on year.

The bank has highlighted recently that rising commodity prices such as for crude oil and nonferrous metals and growing demand in Asia is supporting Japan's rising wholesale prices.

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 a decrease in the CGPI is followed by a fall in the CPI, concerns about deflation may prompt the BOJ to raise interest rate, if the situation is reversed the opposite will happen.

Source: Xinhua
 
 
  Weekly review  
 
 
 
     
 
 

(editor:李牧)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Survey for 2011 NPC and CPPCC Sessions
  • Focus On China
Major headlines
Editor's Pick
  • Australian PM visit UN headquarters
  • AU peacekeepers guard recently seized spot in Mogadishu, Somalia
  • China joins multinational navel exercises in Pakistan
  • PLA performs routine patrol in Hong Kong
  • Israel okays materials for UN residential projects in Gaza
  • Forbes releases list of World's Billionaires 2011 in NY
Hot Forum Dicussion