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MNI (Tokyo)

Japan's August corporate goods price index rose 5.5% y/y, a slight decline from July, driven by higher costs for lumber and wood products, and iron and steel, data released by the Bank of Japan on Monday showed

Lumber and wood prices soared 40.4% y/y in August, outpacing July's jump, and iron and steel costs rose 13.1% y/y in August, also accelerating from in July. Petroleum and coal costs jumped 31.5% in August, slowing slightly from July and nonferrous metals rose 28.0% in August, also slowing from July.

August CGPI was unchanged m/m.

MNI Tokyo Bureau | +81 90-2175-0040 |
MNI Tokyo Bureau | +81 90-2175-0040 |
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