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Japan's Sept. Producer Price Growth Sharpest in 13 Years

Japan's Sept. Producer Price Growth Sharpest in 13 Years

   Tokyo, Oct. 12 (Jiji Press)--Producer prices in Japan rose 6.3 pct from a year before in September, the sharpest growth since September 2008, mainly because fuel and material prices went up broadly, Bank of Japan data showed Tuesday.
   The producer price index for the latest reporting month stood at 106.4 against 100 for the base year of 2015. It rose for the seventh straight month.
   By product, prices went up 48.3 pct for lumber and wood products, and 32.4 pct for petroleum and coal products, with the supply-demand balance becoming tight amid a global economic recovery backed by progress in novel coronavirus vaccinations. Steel prices rose 17.8 pct.
   The yen-based import price index surged 31.3 pct from a year earlier to 108.2, logging the steepest growth since comparable data became available in January 1981.
   "Higher prices of crude oil and other goods have been tending to put upward pressure on producer prices," a BOJ official said.

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AFP-JIJI PRESS NEWS JOURNAL


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