Japan April wholesale prices fall 0.2 pct yr/yr

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TOKYO, May 17 (BestGrowthStock) – Japanese wholesale prices fell 0.2
percent in the year to April, Bank of Japan data showed on
Monday, less than the median forecast for a 0.3 percent decline.

The pace of annual decline in the corporate goods price index
(CGPI) slowed for the eighth straight month after slumping to 8.5
percent last August, due to rising energy costs.

But sluggish private consumption means companies may not be
able to transfer their rising costs on to consumers as much as
they want to, boding ill for the economy, analysts say.

Overall final goods prices — the prices of finished products
charged to businesses — fell 1.2 percent in April from a year

Domestic final goods prices, which loosely track the consumer
price index, fell by an annual 1.1 percent in April.

Details were as follows (preliminary, with percentage change;
economists’ median forecast in parentheses; previous figures may
be revised):

Year-on-year -0.2 (-0.3) -1.3 -1.6 103.0
Mth-on-mth +0.4 (+0.3) +0.2 +0.1
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(Reporting by Rie Ishiguro)

Japan April wholesale prices fall 0.2 pct yr/yr