TOKYO :Japan's wholesale inflation hit a record 9.0per cent in November, pushing gains for a ninth straight month, a sign upward pressure on prices from supply bottlenecks and rising raw material costs were broadening.
The year-on-year rise in the corporate goods price index , which measures the prices companies charge each other for their goods and services, was the fastest pace since comparable data became available in 1981. Oil and coal prices spiked 49.3per cent in November from a year earlier, accelerating from a 44.4per cent gain in October. Other key drivers were steel goods, which rose 23.9per cent, and chemical goods, which were up 14.1per cent, the data showed.
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