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Central BanksMediumUpdated•Originally published 13 October 2026•Updated 13 October 2026•
1 min read

Japan Wholesale Inflation Slows to 6.8% in September as Import Costs Surge

Key Facts

1Japan's corporate goods price index rose 6.8% year-on-year in September, missing the median market forecast of 7.6%.
2The yen-based import price index jumped 24.5% year-on-year, highlighting how currency weakness is driving up raw material costs.

Japan's corporate goods price index rose 6.8% year-on-year in September, missing the median market forecast of 7.6%. Data released by the Bank of Japan showed that companies continued to pass on higher fuel and chemical costs, keeping inflationary pressure elevated despite the headline figure slowing from the 7.6% growth recorded in August.

The yen-based import price index jumped 24.5% year-on-year, highlighting how currency weakness continues to inflate the cost of raw materials. According to InvestingLive, elevated oil prices are further driving up domestic energy costs, maintaining market expectations for potential interest rate hikes by the Bank of Japan as it prepares to review its policy and forecasts later this month.

Latest Updates · 1

  1. Notable·

    Update: The Producer Price Index fell 0.3% on a month-on-month basis in September 2026. This decline marks the second consecutive monthly contraction in wholesale prices, suggesting a cooling of short-term price pressures despite the ongoing annual growth.