Bank of Japan (BOJ) data showed the nation's wholesale inflation accelerated again in June. Price pressures continued to mount, as the government reduced energy subsidies intended to ease gas and electricity bills, according to Japan's broadcaster (NHK World). The central bank's Producer Price Index last month rose 2.9 percent from a year earlier in a preliminary reading. The index measures the prices companies charge each other for goods and services. BOJ figures also showed that import prices rose 9.5 percent in yen terms from a year earlier on the back of the weak Japanese currency. Businesses are expected to continue to pass on higher material costs in sales prices, raising the question how much that would affect consumer prices. Source: Qatar News Agency
Related Posts
QDB Investments in SMEs Top QR100mn
The direct investments supervised by Qatar Development Bank (QDB) in small and medium-sized enterprises (SMEs) exceeded QR100 million for the first time, bringing the total amount of direct and indirect investments in its portfolio to QR220 million, su…
Global Finance Magazine Names QNB Group World’s Best Bank for Emerging Markets in 2024
QNB Group, the largest financial institution in the Middle East and Africa, has been recognized by Global Finance Magazine as The World’s Best Bank for Emerging Markets in 2024, recognizing its market-leading capabilities and robust presence in these …
Orange and Pink Lines of Lusail Tram are Open to Public
Doha: Qatar Railways Company (Qatar Rail) has started the services on the full Orange Line and Pink Line of the Lusail Tram to the public starting today.
All stations on the Orange Line are now fully operational with the opening of the new stations,…