9/13, 1:50 AM (Source: TeleTrader)
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Japan's producer prices rise by 5.5% in August

Japan's producer price index, which measures the cost of goods at the factory gate, increased by 5.5% in August on a yearly basis, according to a report released by the Bank of Japan on Monday.

The figure marked a 0.1% lower yearly charge compared to the one seen in July, while the PPI for the month remained unchanged, disappointing investors' expectations.

The data also showed the nation's export price index going down by 0.2% on a yan basis from July to August to mark an annual increase of 10.9%. Meanwhile, the import prices on a yan basis went 1.8% up from last month's figure and surged by a whopping 29.2% compared to August 2020.

Breaking the News / NL