Japan's wholesale inflation remained at 3.8% in December 2024, driven primarily by high food prices, particularly a 31.8% increase in agricultural goods costs.
Japan December PPI +0.3% m/m (expected +0.4%) 3.8% y/y (expected 3.8%)The steady inflation rate, which matched market expectations, was also influenced by rising fuel costs due to the removal of government subsidies. Additionally, the yen's weakness led to higher import prices, contributing to overall cost pressures for companies.
The Bank of Japan is considering raising interest rates at their January 23-24 meeting, as indicated by Governor Kazuo Ueda.
The latest chatter is of a hike too:
Bloomberg says Bank of Japan likely to hike rates next week This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about recapping japan s wholesale inflation data earlier helping to fuel rate hike chatter was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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