Domestic wholesale prices in October fell 0.5 percent from a year earlier for the 25th consecutive month of decline, the Bank of Japan said Monday.
The domestic wholesale price index came to 94.2 against the base of 100 for 1995, down 0.9 percent from 94.3 in September, the BOJ said.
Prices fell 6.1 percent for utility charges from a year earlier and 1.6 percent for farm products, more than offsetting increases in other areas, including a 2.9 percent climb in oil and coal products, it said.
Export prices, measured in yen terms, rose 1.6 percent from a year earlier and 1.8 percent from September due to the weakness of the currency, it said.
Import prices, also measured in yen, rose 5.2 percent from the previous year and 3.3 percent from September for the same reason, the BOJ said.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.