Japan August PPI data: +3.9% y/y (vs. +4.1% expected)

PPI for August: -0.2% m/m

• expected 0.0%, prior +0.4%, revised from 0.3%

PPI for August: +3.9% y/y

• expected 4.1%, prior 4.3%

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The Japanese PPI is also known as Corporate Goods Price Index (CGPI) … measures the change in the selling prices of goods purchased by Japanese corporations. The CGPI measures the change in the rate of inflation in Japan from the perspective of the manufacturer and is correlated with consumer price inflation.