9/13/2023, 1:52 AM (Source: TeleTrader)
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Japan's producer prices rise by 3.2% in August

Japan's producer price index (PPI), which measures the cost of goods at the factory gate, increased by 3.2% in August on a yearly basis, according to a report released by the Bank of Japan on Wednesday.

Compared to the yearly change seen in July the PPI went down by 0.4% to land in line with market expectations. On a monthly basis, the figure expanded by 0.3%.

The data also showed that the nation's export price index went up from July to August by 0.5% and fell by 0.8% over the year on a contract currency basis, while the import prices shrank by 0.9% from last month's figure and by 15.9% compared to the data of August 2022.

Baha Breaking News (BBN) / NL