By Leika Kihara
TOKYO (Reuters) – Japan’s wholesale prices in May rose 2.4% from a year earlier, marking the fastest annual increase in nine months, central bank data showed on Wednesday.
The rise in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, exceeded a median market forecast for a 2.0% gain.
It accelerated sharply from a 1.1% gain in April.
The yen-based import goods price index rose 6.9% in May from a year earlier, accelerating from a 6.6% gain in April, a sign the yen’s declines were pushing up the cost of raw material imports.
(Reporting by Leika Kihara; Editing by Jacqueline Wong)
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