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MNI BRIEF: Japan June CGPI Rises 2.9% Y/Y, Higher Import Price

(MNI) Tokyo
(MNI) TOKYO

Japan's corporate goods price index rose 2.9% y/y in June, following May's revised 2.6%, with import price rises accelerating for the fifth straight month, Bank of Japan data on Wednesday showed.

June data was boosted by prices of electric power, gas and water up 0.1% y/y following -7.2% in May, with chemical and related products growing 1.7%, versus 0.8% previous.

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Japan's corporate goods price index rose 2.9% y/y in June, following May's revised 2.6%, with import price rises accelerating for the fifth straight month, Bank of Japan data on Wednesday showed.

June data was boosted by prices of electric power, gas and water up 0.1% y/y following -7.2% in May, with chemical and related products growing 1.7%, versus 0.8% previous.

Keep reading...Show less