Japan Wholesale Inflation Slows to 2.5-Year Low as Commodity Prices Decline
- Wholesale inflation in Japan slowed sharply in October to 0.8% year-on-year, the lowest rate in over 2.5 years.
- It highlights fading cost pressures as global commodity prices decline.
- The corporate goods price index fell from 2.2% growth in September.
- Prices dropped for wood, chemical and steel products.
- The spike in wholesale prices has led firms to pass higher costs to households.