Japan’s wholesale inflation accelerated in May to its fastest pace in more than three years as higher energy costs rippled through the economy.
The Bank of Japan (BOJ) data released on June 10 show that the measure of prices companies charge one another for goods and services rose 6.3 percent in May from a year earlier.
The figure was up from a revised 5.3 percent increase in April.
The increase marked the fastest annual rise since March 2023 and reflected broad-based price gains across energy, chemicals, metals, and industrial materials.
The report comes as markets assess the economic effects of rising energy prices linked to tensions in the Middle East, a region that supplies a large share of the world’s oil exports….
Japan’s Wholesale Inflation Accelerates to 3-Year Peak as Energy Costs Rise
