• Bloomberg

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The wholesale inflation rate slowed in August for the first time in 11 months as oil and commodity costs fell, signaling price pressures are starting to ease on the economy.

Producer prices, the costs firms pay for energy and raw materials, rose 7.2 percent in August from a year earlier from a revised 7.3 percent increase in July, the Bank of Japan said Wednesday. From July, prices fell 0.1 percent, the first drop since last September.

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