Japan's Factory-Gate Inflation Slows to 7.2% % in July
MT Newswires Live
Aug 13
Japan's producer price index (PPI) rose 7.2% year over year in July, according to preliminary data released by the Bank of Japan on Thursday.
The reading was softer than the consensus forecast of a 7.4% increase tracked by Investing.com, and against the revised 7.3% reading in June.
On a month-over-month basis, factory-gate prices increased 0.1% from the prior month, also decelerating from the 0.5% expansion previously.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.