Japan's wholesale prices up 2.5 pct in October

Japan's wholesale prices gained 2.5 percent in October compared with the same period of last year, the Bank of Japan said Wednesday.

The index of corporate goods prices stood at 102.5 against the 2010 base of 100, the central bank said in a preliminary report. It was down 0.1 percent from September.It marked the seventh consecutive month that the index registered an increase, and the rise last month was the highest in five years, mainly due to a weaker yen and rising prices of building materials.

Source: NewsOnJapan