Producer prices in Japan rose 4.1 percent in June from a year ago, marking the 28th consecutive month of increase, data showed on Wednesday.
According to Bank of Japan (BOJ), the producer price index, which measures costs of goods traded between businesses, stood at 119.0 against the 2020 average of 100.
The increase in June, however, was less than a 5.2-percent growth logged in May and was at its slowest pace in more than two years due to lower energy costs, the data showed.
Producer inflation slowed for the sixth straight month as the cost of crude oil and other energy products trended downward, hitting the lowest level since April 2021, said the central bank.—APP
