Japan’s Wholesale Inflation Hits 11-Month High

Understanding Japan's Wholesale Inflation Surge
Japan is witnessing a significant increase in its wholesale inflation, with July marking the fastest year-on-year growth in nearly a year. This rise is measured by the Corporate Goods Price Index (CGPI), which tracks the prices that companies charge each other for goods and services. According to the latest data from the Bank of Japan, the CGPI climbed by 3% in July compared to the same month last year, aligning with market expectations.