Daily Market Updates: Japan wholesale inflation eases to 7.2% in latest data

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Japan wholesale inflation eases to 7.2% in latest data

The wholesale price index undershot forecasts and followed a revised 7.3% reading in June.

Reported · Written up by our desk · Inflation

Japan’s wholesale inflation eased slightly, with the latest producer price index (PPI) coming in at 7.2%.

CNBC Markets reports the reading fell below the 7.4% forecast expected by economists polled by Reuters and was lower than a revised 7.3% figure from June.

The data point suggests downward pressure on wholesale prices compared with mid-year levels, according to the report.

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Sources

CNBC MarketsJapan wholesale inflation eases slightly to 7.2%, undershooting expectations

CNBC WorldJapan wholesale inflation eases slightly to 7.2%, undershooting expectations

Bonds & Rates

Japan wholesale inflation eases to 7.2% in latest data

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Sources

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