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MNI BRIEF: Japan Feb CGPI Rises to 8.2%, Slows From Jan's 9.5%

(MNI) Tokyo
(MNI) TOKYO
Central Bank NewsPolicy NewsAPACJapanBank of JapanBriefStoryRegionBank of Japan (BOJ) Market News

The year-on-year rise in Japan's Corporate Goods Price Index slowed to 8.2% in February, down from January’s unrevised 9.5% and indicating that upstream cost increases have peaked out, data released by the Bank of Japan Friday showed.

The data showed that pass-through of cost increases in the intermediate and downstream industries continues as there is a time lag before firms transfer high costs to retail prices, which then push up consumer prices. The CGPI fell 0.4% from the previous month, also slowing from 0.0% in January.

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The year-on-year rise in Japan's Corporate Goods Price Index slowed to 8.2% in February, down from January’s unrevised 9.5% and indicating that upstream cost increases have peaked out, data released by the Bank of Japan Friday showed.

The data showed that pass-through of cost increases in the intermediate and downstream industries continues as there is a time lag before firms transfer high costs to retail prices, which then push up consumer prices. The CGPI fell 0.4% from the previous month, also slowing from 0.0% in January.

Keep reading...Show less