Japan Wholesale Inflation Hits 13-Year High, Squeezing Corporate Profits

TOKYO—Japan’s wholesale inflation hit a 13-year high in September as rising global commodity prices and a weak yen pushed up import costs, putting pressure on corporate margins and raising the risk of unwanted consumer price hikes. Rising input costs are adding strain for manufacturers already hit by supply constraints and clouding the outlook for the world’s third-largest economy, which relies on exports to cushion the blow from soft consumption, analysts say. The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, surged 6.3 percent in September from a year earlier, Bank of Japan data showed on Tuesday, exceeding market forecasts for a 5.9 percent gain. The increase accelerated from a revised 5.8 percent rise in August to its fastest pace since September 2008, the data showed. “If rises in raw material costs accelerate, companies selling final goods prices will see profits …

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