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MNI BRIEF: Japan Dec CGPI Higher As Inflation Broadens

(MNI) Tokyo

The year-on-year rise in Japan's corporate goods price index accelerated to 10.2% in December, picking up from November’s revised 9.7% but below the record high 10.3% seen in September, data released by the Bank of Japan Monday showed, indicating upstream price pressures are still building, but are yet to be passed on to consumers.

CGPI rose 0.5% m/m in December, a 12th straight gain. The y/y rise, for the 22nd straight rise, was due mainly to high prices for electric power, gas and water (+52.3% in Dec. vs. +50.5% in Nov.) and for petroleum and coat products (+8.0% vs. +0.6%). Chemicals and related product costs rose 7.2% y/y, slowing from +7.7% in November, reflecting lower global commodity prices.

Japan Producer Price Index

Source: BOJ

Source: bo

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

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