TOKYO (Reuters) -Japan’s wholesale prices rose 4.0% in the year to April, slowing from the previous month as the yen’s rebound took pressure off import costs, central bank data showed on Wednesday.
But stubbornly high fuel and rice prices underscore the pain companies face from rising raw material costs, the data showed.
The increase in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, matched a median market forecast and followed a revised 4.3% annual increase in March.
The yen-based import price index fell 7.2% in April from a year earlier, after a revised 2.4% drop in March, the data showed.
(Reporting by Leika Kihara; Editing by Sam Holmes)
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