Japan PPI for July: -0.6% y/y (expected -0.5%)
PPI is inflation at the wholesale level (business to business sales and the like), not consumer price inflation
0.0 % m/m
- expected 0.1% m/m, prior -0.5%
- expected -0.5% y/y,
A friend of mine suggested this useful tool for gauging the impact of the PPI data release on the yen exchange rate.
The PPI was formerly known as the Corporate Goods Price Index. But has adopted the more widely used 'PPI'. Data via the BOJ. In the release is also an indication of consumer prices. The 'domestic final goods prices' index loosely correlates with CPI. It fell 0.5% y/y in July.