Japan Producer Inflation Jumps to 6.3% as Energy Shock Drives Costs Higher

Japan’s producer prices accelerated sharply in May, with PPI rising from 5.3% yoy to 6.3% yoy, well above expectations of 5.5% yoy and marking the fastest annual increase since March 2023. On a monthly basis, wholesale prices rose 0.9%, following a revised 2.8% gain in April. The data highlight how the Middle East energy shock […]

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