💰 Japan's wholesale inflation near steady at 9.3% as commodity prices ease

TL;DR

- Summary- Wholesale prices up 9.3% in Nov yr/yr vs f'cast +8.9%- Fuel costs continue to rise but pace moderating - data- Global commodity price fall affecting some goods pricesTOKYO, Dec 12 (Reuters) - Japan's November wholesale prices rose 9.3% from a year earlier, data showed on Monday, a rate of increase that was almost unchanged from the previous month and showed initial signs of an inflation peak amid easing global commodity prices.The rise in the corporate goods price index, which measures prices that companies charge each other for goods and services, exceeded market forecasts for a 8.9% percent gain but was slightly below the revised 9.4% annual increase seen in October.The yen-based import price index in November was 28.2% higher than a year earlier, slowing sharply from October's revised annual surge of 42.3%, according to the Bank of Japan (BOJ) data.Petroleum and coal goods prices were up 0.5% in November from a year earlier, slowing from a revised 2.8% gain in October, the data showed.Global commodity prices and the weakness of the yen, which boosts the cost of imports, have been pushing up Japan's wholesale and consumer inflation - a trend that policymakers worry could hurt Japan's fragile economic recovery."

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