• Reuters

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Japan’s wholesale inflation accelerated in February at the fastest annual pace in roughly four decades as fuel costs rose, in a sign inflationary pressures were building even before the Ukraine crisis triggered a broad surge in commodity prices.

The recent war-driven uptrend in goods prices ranging from oil and metals to grain will likely keep pushing up wholesale prices in a fresh hit to Japan’s resource-poor economy, which is heavily reliant on imported raw materials, analysts say.

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