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MNI BRIEF: Japan Aug CGPI Rise Slows To 3.2% Vs. July 3.4%

(MNI) Tokyo
(MNI) TOKYO

The y/y rise in Japan's corporate goods price index slowed to 3.2% in Aug from July's revised 3.4%, the eighth straight monthly deceleration and the lowest level since March 2021 (1.0%), indicating a slower pace of continued pass-through of cost increases, data released by the Bank of Japan showed on Wednesday.

Pass-through of cost increases continued downstream, such as beverages and foods, as a time lag exists between firms transfering high costs to retail prices.

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The y/y rise in Japan's corporate goods price index slowed to 3.2% in Aug from July's revised 3.4%, the eighth straight monthly deceleration and the lowest level since March 2021 (1.0%), indicating a slower pace of continued pass-through of cost increases, data released by the Bank of Japan showed on Wednesday.

Pass-through of cost increases continued downstream, such as beverages and foods, as a time lag exists between firms transfering high costs to retail prices.

Keep reading...Show less