WORLD
Japan's wholesale prices jump by record 10% as energy costs soar
Baku, May 16, AZERTAC
Japan’s wholesale prices in April jumped 10% from the same month a year earlier, data showed on Monday, rising at a record rate as the Ukraine crisis and a weak yen pushed up the cost of energy and raw materials, according to the Japan Times.
The surge in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, marked the fastest year-on-year rise in a single month since comparable data became available in 1981.
The gain followed a revised 9.7% increase in March, and was higher than a median market forecast for a 9.4% increase.
Unlike other central banks worried about surging inflation, the Bank of Japan (BOJ) has kept its ultraeasy monetary policy in place on the view that the cost-push rise in inflation is not bringing long-term price expectations to its 2% target.
FEEDBACK
Other news in this section
- 24.04.2024 [10:54]
China to launch Shenzhou-18 crewed spaceship on April 25
- 23.04.2024 [13:59]
Tunisia, Algeria, Libya agree to advance cooperation
- 23.04.2024 [13:33]
Copernicus report shows year of weather extremes in Europe
- 23.04.2024 [10:19]
4 missing after vessel hit bridge in China's Guangdong
- 23.04.2024 [10:12]
10 killed after 2 Malaysian military helicopters crash
- 22.04.2024 [18:20]
Egypt reclaims 3,400-year-old stolen statue of King Ramses II
Azerbaijan, Bahamas Gymnastics Federation embark on cooperation
- 23.04.2024 [15:57]
Slovenia hosts high-level conference of Nizami Ganjavi International Center
- 23.04.2024 [15:18]
Azerbaijan Army’s tanks units hold competition, Defense Ministry VIDEO
- 23.04.2024 [15:02]
Azerbaijan produces over 7 billion kWh of electricity in Q1 2024
- 23.04.2024 [14:43]
Another 39 families relocated to Fuzuli city get house keys VIDEO
- 23.04.2024 [14:01]
Tunisia, Algeria, Libya agree to advance cooperation
- 23.04.2024 [13:59]
Copernicus report shows year of weather extremes in Europe
- 23.04.2024 [13:33]
Heydar Aliyev International Airport: the path to development
- 23.04.2024 [13:03]
Azerbaijan, Albania abolish visa regime
- 23.04.2024 [12:44]
Oil prices in global markets
- 23.04.2024 [11:24]
Türkiye hosts inaugural event on ocean action, climate crisis
- 23.04.2024 [11:02]
Azerbaijani oil price declines in global markets
- 23.04.2024 [11:00]
4 missing after vessel hit bridge in China's Guangdong
- 23.04.2024 [10:19]
10 killed after 2 Malaysian military helicopters crash
- 23.04.2024 [10:12]
Inter Milan win Italian Serie A title with 5 games left
- 23.04.2024 [09:57]
Pakistan-Azerbaijan Economic Integration Model: An Expert Opinion
- 22.04.2024 [23:55]
Azerbaijani FM embarks on official visit to Czech Republic
- 22.04.2024 [23:47]
President Ilham Aliyev concluded his working visit to Russia
- 22.04.2024 [23:32]
President of Russia: BAM shapes global logistics for the entire 21st century
- 22.04.2024 [21:34]
Chair of Georgian Parliament’s committee visits Milli Majlis
- 22.04.2024 [21:08]
Presidents of Azerbaijan and Russia had joint dinner
- 22.04.2024 [20:55]
Jordan welcomes Azerbaijan-Armenia agreement and border demarcation efforts
- 22.04.2024 [19:06]
Azerbaijani boxer beats Armenian rival at European Championships in Serbia
- 22.04.2024 [18:53]
Egypt reclaims 3,400-year-old stolen statue of King Ramses II
- 22.04.2024 [18:20]
Baku Engineering University teams shine at Robotex Türkiye
- 22.04.2024 [17:56]
Azerbaijan, Georgia discuss cooperation in transport and ICT sectors
- 22.04.2024 [17:10]
ANAMA: 452 unexploded ordnances neutralized over past week
- 22.04.2024 [15:44]