Japan's November wholesale prices rose 9.3% from a year earlier, data showed on Monday, a rate of increase that was almost unchanged from the previous month and showed initial signs of an inflation peak amid easing global commodity prices.
While food and energy costs continued to rise, the data may offer some relief for Japan's economy, which relies almost entirely on imports for fuel and raw material.
"Companies were passing on rising raw material costs for a broad range of goods. But some goods saw the impact of recent easing of global commodity prices," a BOJ official told a briefing.
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