Japan wholesale prices soar 9.7% in Sept. to highest level on record

Wholesale prices in Japan surged 9.7 percent in September from a year earlier to their highest level ever, as a sharp fall in the yen inflated import prices for energy and raw materials, Bank of Japan data showed Thursday.The increase in the prices of goods traded between companies was the second highest, following a record 9.8 percent rise in April, with the year-on-year figure remaining above 9 percent throughout 2022 as Russia's war against Ukraine and the yen's rapid weakening add to inflationary pressure.The corporate goods price index reached 116.3 in September, its highest level sinc…READ FULL ARTICLE