Japan PPI Cools Slightly to 7.2% Y/Y, but Weak Yen Keeps Import Inflation Near 30%

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Japan’s producer inflation eased slightly in July, but imported cost pressures remained elevated as weak Yen continued to amplify overseas price increases. Corporate Goods Price Index slowed from revised 7.3% to 7.2% y/y, undershooting 7.4% consensus. Monthly increase moderated from 0.5% to 0.1%. Electricity was largest contributor to monthly increase, adding around 0.23 percentage point, […]The post Japan PPI Cools Slightly to 7.2% Y/Y, but Weak Yen Keeps Import Inflation Near 30% appeared first on ActionForex.