JEQ - Japan Producer Prices rise 3.6% the least in over two years amid easing market concerns
2023-08-10 02:38:13 ET
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Producer prices in Japan rose by 3.6% year-on-year in July 2023, the least since March 2021, after an upwardly revised 4.3% rise in June and compared with market expectations of 3.5%.
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The result also marked the 7th straight month of a slowdown in producer inflation, amid easing global cost pressures.
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On a monthly basis, producer prices edged up 0.1% in July, reversing from a downwardly revised 0.1% fall in June and pointing to the first increase in three months.
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Now read: Japan services PMI revised slightly lower at 53.8 in July
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Japan Producer Prices rise 3.6%, the least in over two years amid easing market concerns