Japan’s Producer Prices Surge the Fastest in 25 Years

Japan’s producer prices rose the fastest in 25 years on surging fuel and commodity costs, prompting companies including Fuji Photo Film Co. to pass on costs to clients.

Today’s report “was the first concrete sign of inflation,” said Jesper Koll, chief Japan economist at Merrill Lynch & Co. in Tokyo. “Higher oil prices are actually beginning to be passed on into the corporate sector. This means that we are going to see consumer price inflation also beginning to accelerate.”

Bloomberg