Japan wholesale inflation likely hit 13-year high in Sept on rising commodity costs: Reuters poll

Japan’s wholesale prices likely hit a 13-year high in September, buoyed by lofty commodity prices, while firms’ machinery orders are expected to have risen for the second straight month in August, a Reuters poll showed on Friday. The corporate goods price index (CGPI), which tracks the prices companies charge one another for their goods, likely rose 5.9% in September from a year ago, according to a poll of 17 economists. On a monthly basis, Japan’s wholesale prices likely grew 0.3% in September after being flat the previous month, the poll showed.