Japan PPI for September: -1.1% y/y (vs. expected -1.1%)
Producer Price Index is inflation at a business-to-business level (in summary)
It is also known as the Corporate Goods Price Index.
Comes in at 0.0% m/m
- expected 0.0%, prior -0.3%
and -1.1% y/y
- expected -1.1%, prior -0.9% y/y
In the release is also an indication of consumer prices. The 'domestic final goods prices' index, which loosely correlates with CPI. It fell 0.7% y/y.
Data out at the same time:
- including trust lending +2.0% y/y (prior 2.1%)
- excluding trusts 2.2% y/y (prior 2.2%)