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Japan's Wholesale Inflation Slows Amid Fuel Price Drop

1/15/2026

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Summary

Story summary

Japan's wholesale inflation slowed to 2.4% in December 2025 from 2.7% in November 2025, due to falling fuel costs.
The corporate goods price index (CGPI) was unchanged year-on-year, while the yen's weakness could raise inflation via import costs.
The Bank of Japan will consider data at its policy meeting on January 22-23, 2026.
Bank of Japan Governor Kazuo Ueda has signaled continued rate hikes, though timing remains uncertain.

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Story summary

Japan's wholesale inflation slowed to 2.4% in December 2025 from 2.7% in November 2025, due to falling fuel costs.
The corporate goods price index (CGPI) was unchanged year-on-year, while the yen's weakness could raise inflation via import costs.
The Bank of Japan will consider data at its policy meeting on January 22-23, 2026.
Bank of Japan Governor Kazuo Ueda has signaled continued rate hikes, though timing remains uncertain.