Japan 6monthly corporate goods price 7.1rose, with nonferrous metals and raw materials surging
In Japan, 6the corporate goods price index for the month was 135.4and was up 7.1% from the same month a year earlier. Corporate goods prices are a leading indicator of consumer prices, so changes in raw material and import prices can ripple into Korean companies’ costs.
Japan’s 6corporate goods price index for the month was 135.4and rose 7.1% from the same month a year earlier. Corporate goods prices are a leading indicator of consumer prices, so they show the inflation trend ahead of time.
This figure is a preliminary reading of Japan’s central bank-released 6domestic corporate goods price index for the month (2020annual average=100).
The year-on-year increase widened to 5from 6.6% in the previous month, by 0.5percentage points.
This increase is 2023year 3month 7.4%, the highest level since .
Compared with the previous month, it rose by 0.4%, and the rate of increase narrowed from 5month 1.1%.
Prices rose across a wide range of items, driven by higher commodity prices, including metals, and worsening conditions in the Middle East. The Bank of Japan explained that the pass-through of higher commodity prices to product prices continues.
By item, nonferrous metals jumped 39.2% from a year earlier, and petroleum and coal products rose 22.8%.
Chemical products rose 14.4%.
Electricity, city gas and water charges accelerated their upward trend from 0.1% in the previous month to 3.4%.
Food and beverage products rose by 4.0. The survey covered 515 items, of which 418 items saw price increases.
Sources: 뉴시스 경제
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