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MNI BRIEF: Japan Dec CGPI Flat Y/Y; Lowest Since Feb 2021

(MNI) Tokyo
(MNI) TOKYO

The y/y rise in Japan's corporate goods price index slowed to 0.0% in December from November’s 0.3%, the 12th straight deceleration and its lowest level since February 2021 (-0.9% y/y), indicating that the consumer price index will continue to slow, Bank of Japan data showed Tuesday

Lower electric power, gas and water prices due to government subsidies drove December's decline.

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The y/y rise in Japan's corporate goods price index slowed to 0.0% in December from November’s 0.3%, the 12th straight deceleration and its lowest level since February 2021 (-0.9% y/y), indicating that the consumer price index will continue to slow, Bank of Japan data showed Tuesday

Lower electric power, gas and water prices due to government subsidies drove December's decline.

Keep reading...Show less