Japan’s wholesale prices up 8.5% in Dec; 2nd highest jump on record – Japan Today

TOKYO Japan’s wholesale prices jumped 8.5 percent from a year earlier in December, marking the second-highest increase on record amid higher crude oil and commodity prices, Bank of Japan data showed Friday.

The rise in the prices of goods traded between companies followed a record 9.2 percent gain in November and marked the 10th straight month of growth, an indication that upward pressure on consumer prices is persisting.

In December, prices of petroleum and coal jumped 36.6 percent, tracking higher crude oil prices. The gain was smaller than a revised 49.6 percent a month earlier.

Japan’s wholesale prices up 8.5% in Dec; 2nd highest jump on record – Japan Today