Japanese wholesale prices rose 2.6 percent in the year to July, Bank of Japan data showed on Wednesday.[JPCGPY=ECI] The rise in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services,

Consumer prices rose 2.7% in July from a year earlier. Excluding the volatile food and energy categories, core prices rose 3.1%, up from 2.9% in June.

The Bureau of Labor Statistics reported on Tuesday that U.S. consumer prices rose marginally in July by 2.7% (annually) but it also showed a significant increase in one key figure.

U.S. consumer prices increased moderately in July, though rising costs for goods because of import tariffs led to a measure of underlying inflation posting its largest gain in six months.

This report, therefore, clinches nothing either way." The Consumer Price Index rose 0.2% last month after a gain of 0.3% in June, in line with economists' expectations. While financial markets breathed a sigh of relief on the data,