Wholesale prices log 0.9% decline

Domestic wholesale prices in September dropped 0.9 percent from a year earlier, marking a 24th consecutive month of decline, the Bank of Japan said Tuesday.

In August, domestic wholesale prices fell 1 percent from a year before.

The domestic wholesale price index came to 94.3 against the 1995 base of 100. The index was unchanged from August, the BOJ said.

Prices of electronic equipment declined 4.7 percent from a year before, those of utilities fell 3.9 percent, prices of forestry and nonfood farm products declined 2 percent, those of mineral products dropped 1.9 percent and those of chemical and plastic products fell 1.8 percent.

Meanwhile, prices of coal and petrochemical products rose 4.1 percent, those of steel products jumped 3 percent, those of nonferrous metal products rose 1.1 percent and those of livestock and fishery products climbed 1 percent.

Export prices, measured in yen terms, slipped 0.2 percent from a year ago but increased 1 percent from August due to the yen’s depreciation against the dollar.

Import prices, also measured in yen terms, rose 2.3 percent from a year earlier and increased 2.1 percent from August, the BOJ said.