By Leika Kihara
TOKYO (Reuters) – Japan’s wholesale inflation was flat in December from a year ago, data showed on Tuesday, underscoring the central bank’s view that cost-push pressures from rising raw material prices will steadily dissipate.
The reading for the corporate goods price index (CGPI) compared with a median market forecast for a 0.3% decrease and followed a 0.3% increase in November.
The wholesale price data is among factors the Bank of Japan scrutinises in gauging trend inflation and deciding on the timing of exiting ultra-loose monetary policy.
(Reporting by Leika Kihara; Editing by Lisa Shumaker)
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