UPDATE 1-Japan’s Oct wholesale inflation spikes more than expected

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* Wholesale prices up 8.0% in October yr/yr versus f’cast +7.0%

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* October yen-based wholesale import price 38.0% yr/yr

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* Poll shows caution to the idea of ​​passing on costs to more firms (adds detail, background on Japan prices)

TOKYO, Nov 11 (Businesshala) – Japan’s wholesale prices rose 8.0% in October from a year ago, exceeding market expectations and compared to the previous month in a sign of accelerating supply constraints and rising raw material costs. was reducing corporate margins.

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Growth in the Corporate Goods Price Index (CGPI), which measures the price companies charge each other for their goods and services, was larger than the average market forecast for growth of 7.0% and followed a revised 6.4% annualized growth in September , Bank Japan data showed on Thursday.

An index assessing yen-based wholesale import prices jumped 38.0% in October from a year earlier, sharper than a revised 32.2% gain in September, following the recent yen’s fall for companies with already high raw material costs. was increasing.

Prices of domestic final goods, which loosely track the consumer price index, rose 2.2% from a year ago, the data showed.

Hit by a weaker yen, a slim majority of Japanese firms plan to pass or pass on the cost of the commodity to customers, a Businesshala poll showed, a sign that inflation in the world’s third-largest economy may be at risk. The pressure may increase. (Reporting by Leika Kihara; Editing by Sam Holmes)

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