00:00 Wholesale inflation in Japan has slowed below 1 percent for the first time in over two and
00:05 a half years, indicating that the cost push pressures that were driving up prices are
00:10 starting to fade.
00:12 The corporate goods price index increased by 0.8 percent in October compared to the
00:18 previous year, matching market forecasts but cooling significantly from the previous month.
00:24 This marks the tenth consecutive month of slowing wholesale inflation, with the growth
00:29 rate falling below 1 percent for the first time since February 2021.
00:34 The decline in prices for wood, chemical and steel products contributed to the slowdown,
00:40 reflecting the impact of falling global commodity costs.
