Japan Producer Inflation Slides Below Latest CPI Gauge
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The pace of gains in Japan’s producer prices decelerated more than expected in September, falling below the latest consumer inflation reading for the first time since early 2021, supporting the central bank’s view that import-driven price pressure is moderating.
The measure of input prices for Japanese firms rose 2% from a year earlier, the slowest reading since March 2021, the Bank of Japan reported Thursday. The data compared with economists’ expectations of a 2.4% gain. From the prior month, prices fell 0.3%, versus the consensus for a 0.1% gain.