• Kyodo

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Wholesale prices rose 3.4 percent in October from a year earlier, climbing at the fastest pace in nine years on the back of higher energy costs, the Bank of Japan said Monday.

The index of prices for goods traded among companies gained for the 10th straight month to 99.4 against the 2015 base of 100, the central bank said in a preliminary report. After stripping out the effect of a 2014 consumption tax hike, the pace of increase was the fastest since October 2008 when it rose 4.5 percent.

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