00:00 It's Benzinga and here's what's on the block.
00:02 Japan's wholesale inflation or corporate goods price index increased 0.8% in October from a year earlier,
00:09 below market forecasts of 0.9% of an increase.
00:12 This marks the slowest year-on-year growth in wholesale inflation in Japan since February 2021
00:18 and the 10th straight month of slowing inflation.
00:21 The slowdown was caused by declining prices of wood chemical and steel products,
00:25 reflecting failing global commodity costs filtering through.
00:29 While wholesale inflation is cooling, labor shortages and higher wages are expected to still support inflation
00:35 and services prices according to some economists.
00:37 For all things money, visit Benzinga.com.
00:39 [BLANK_AUDIO]
