Japan August PPI 2.9% y/y (expected 3.0%)

Author: Eamonn Sheridan | Category: News

Evidence of inflation at the producer level in Japan (not evident in CPI)

Anyway, today's data:
PPI 0.0% m/m
  • expected 0.1%, prior 0.3%

2.9% y/y

  • expected 3.0%, prior 2.6%
Overall final goods prices +1.4% y/y (this is the price of finished products charged to firms)
Domestic final goods prices +0.7% y/y (this is used as a guide to consumer prices)
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The PPI (previously known as the corporate goods price index (CGPI)) is a guide to wholesale pricing - what companies charge each other (and government) for goods and services
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Oh, its PPI day in the US also - check out this producer price preview: Big data day from the US on Wednesday - producer inflation the focus