8/10, 1:50 AM (Source: TeleTrader)
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Japan's producer prices up by 8.6% in July

Japan's Producer Price Index (PPI), which measures the cost of goods at the factory gate, rose by 8.6% in July year over year, the Bank of Japan revealed in its report on Wednesday. The figure beat analysts' expectations, which stood at 8.4%.

In comparison to the previous month, the July reading saw an increase of 0.4%, which was in line with the market predictions.

Japan's export price index in July grew by 0.7% on a monthly basis and jumped 19.1% over the year on a basis of yen. Meanwhile, the country's import prices in the same month saw a rise of 2.4% when compared to the June figure and soared by 48% compared to the same period a year prior.

Baha Breaking News (BBN) / AY