By Leika Kihara
TOKYO (Reuters) -Japan’s annual wholesale inflation slowed in June for the third straight month, data showed on Thursday, backing up the central bank’s view that price pressures from rising raw material costs will gradually dissipate.
The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, rose 2.9% in June from a year earlier, Bank of Japan data showed, matching a median market forecast and slowing from a revised 3.3% gain in May.
The yen-based import price index fell 12.3% in June from a year earlier, after a 10.3% drop in May, indicating the currency’s rebound was pushing down raw material import costs.
(Reporting by Leika Kihara; Editing by Himani Sarkar)
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