Nov corporate goods price index 0.3 yryr vs Oct39;s 0.9
Wholesale inflation slows for 11th consecutive month
Some analysts expect wholesale prices to fall from December

TOKYO, Dec 12 Reuters Japan39;s wholesale inflation slowed sharply in November as fuel and commodity prices fell, data showed on Tuesday, a sign of easing costpush pressure in the world39;s thirdlargest economy.

The data underscores the Bank of Japan39;s view commoditydriven inflation will gradually dissipate and shifts the market39;s focus to whether domestic demand will be strong enough for the central bank to phase out stimulus.

The corporate goods price index CGPI, which measures the prices companies charge each other for their goods and services, in November rose 0.3 from a year earlier, BOJ data showed, compared with the median market forecast for a 0.1 increase.

It followed a 0.9 gain in October and marked the 11th straight month of slowdown since December last year, when wholesale inflation hit 10.6, the data showed.

While the slowdown was due partly to the base effect of last year39;s sharp rise in raw material costs, some analysts expect wholesale prices to start falling from December on slumping oil prices and the yen39;s recent appreciation.

There39;s a chance wholesale prices may slide in the first half of next year, which would slow consumer inflation, said Takeshi Minami, chief economist at Norinchukin Research Institute.

Given the outlook for the economy, prices and currency…