The wholesale price index rose Japan During October, it increased by 2.9 percent annually, while analysts expected it to rise by 2.5 percent annually, after rising by 2.8 percent during last September, according to revised data, and 2.6 percent, according to preliminary data.
On a monthly basis, wholesale prices rose by 0.8 percent last October, while they fell by 0.1 percent during September.
Wholesale prices, after excluding the prices of international transport services, rose by 3.1 percent annually and by 0.8 percent monthly.
And he watches Bank of Japan Inflation In the services sector closely for clues about whether demand-driven price increases are growing enough to justify higher interest rates.
It also rose Core CPI The Bank of Japan rose 1.5 percent year-on-year in October, accelerating from a 1.3 percent increase in September.
The Bank of Japan ended negative interest rates in March and raised interest rates Interest Short term to 0.25 percent in July
More than half of the economists polled by Reuters expect the Bank of Japan to raise interest rates again at its meeting on December 18-19.
Earlier last week, Bank of Japan Governor Kazuo Ueda said that the Bank of Japan will continue to raise interest rates if inflation remains on track to reach 2 percent stably as expected.
It is mentioned that Japanese economy It recorded annual growth of 0.9 percent in the third quarter from July to September, which was a slowdown from the previous three months due to tepid capital spending. However, an unexpected recovery in consumption was a bright spot.
