December PPI (formerly the Corporate Goods Price Index)
+3.1% y/y
- expected +3.2%, prior +3.6% (revised from +3.5%)
+0.2% m/m
- expected +0.4%, prior +0.5%, revised from +0.4%
Prices at the wholesale level, what firms are charging each other.
Buried in the release is the 'domestic final good prices', which is a loose tracking of the CPI. It rose 0.9% y/y ... which might very well give the BOJ some encouragement that they are getting closer to their 2% CPI target ... not quite half way though of course.