5/16, 1:53 AM (Source: TeleTrader)
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Japan's producer price index rises 10% in April

Japan's April producer price index beat analyst expectations to rise 10% on a yearly basis, according to a Monday priliminary report by the Bank of Japan. Compared to the previous month, the figure was up by 1.2%.

Furthermore, the country's export price index rose 17.3% year-over-year and 5.6% on a monthly basis, whiče its import price index soared 44.6% compared to the same period in 2021 and 10.8% in comparison to March of 2022.

BoJ's report noted that the highest contribution to the monthly change of the producer price index was realized in the petroleum and coal, as well as the iron and steel production branches.

Baha Breaking News (BBN) / SP