Japan’s wholesale prices fell at a slower pace in February for a third straight month, offering an encouraging sign a recent rebound in fuel costs and pick-up in domestic demand will ease deflationary pressures across the economy, Reuters reports. The 0.7 percent year-on-year drop in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, follows a 1.5 percent annual decrease in January, Bank of Japan data showed on Thursday.

Source: The Standard March 11, 2021 03:56 UTC