Japan wholesale prices rise 7.2 percent in August (AP)

's wholesale inflation remained near a 27-year high in August, the government said Wednesday, as the soaring costs of energy and raw materials continued to pressure businesses.

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The index for domestic corporate goods prices rose 7.2 percent from a year ago, the Bank of Japan said. The result was largely in line with market forecasts and fell just below a revised 7.3 percent increase in July, which marked the steepest climb since an 8.1 percent gain in January 1981. Then, as now, high oil prices drove inflation.

Full Story: Japan wholesale prices rise 7.2 percent in August (AP)

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