Japan wholesale inflation extends surge as energy shock hits

TOKYO - Japan's wholesale prices surged 6.3% in the year to May, data showed on Wednesday, exceeding market expectations and highlighting mounting price pressures from the Middle East conflict.

The rise in the producer price index (CGPI), which measures the price companies charge each other for their goods and services, compared with the median market forecast for a 5.5% increase and followed a revised 5.3% increase in April.

The yen-based import price index rose 25.5% in May from a year earlier after a revised 21.0% increase in April, Bank of Japan data showed.

On a month-on-month basis, wholesale prices rose 0.9% in May after a revised 2.8% gain in April.

(Reporting by Leika Kihara; Editing by Himani Sarkar)

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This story was originally published June 9, 2026 at 5:04 PM.