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MNI BRIEF: Japan May Corp Goods Index Slows To 9.1% Gain On Yr

(MNI) Tokyo
TOKYO (MNI)

The year-on-year increase in Japan's corporate goods price index slowed to +9.1% in May in the wake of lower cost increases for petroleum and coal and lumber and wood products, data released by the Bank of Japan on Friday showed.

The CGPI was unchanged m/m in May, also slowing from April. Prices for petroleum and coal products rose 21.6% y/y and lumber and wood products rose 56.1%. The BOJ changed the base year to 2020 from 2015.

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The year-on-year increase in Japan's corporate goods price index slowed to +9.1% in May in the wake of lower cost increases for petroleum and coal and lumber and wood products, data released by the Bank of Japan on Friday showed.

The CGPI was unchanged m/m in May, also slowing from April. Prices for petroleum and coal products rose 21.6% y/y and lumber and wood products rose 56.1%. The BOJ changed the base year to 2020 from 2015.