The 9.7% year-on-year rise in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, was much bigger than a median market forecast for a 8.8% increase, BOJ data showed.
It was the biggest annual increase since a 9.8% rise registered in April, underlining the stiff margin pressure facing corporates as many of them struggle to pass on the costs to consumers.
A weak yen, which inflates the cost of imports, has exacerbated already high wholesale inflation from a global surge in commodity prices.
That combination has driven the index, at 116.3, to a record high since the survey began in 1960.
Reflecting persistently strong input pressure, wholesale prices rose 0.7% in September from the previous month, when it increased 0.4%.
The yen-based import price index rose 48.0% year-on-year in September, after a revised 43.2 in August and a revised 49.2% in July, the data showed.
Source: Economy - investing.com
