Tag: jpan ppi cgpi

  • Japan data – April PPI -0.2% m/m (expected +0.2%) & +3.2% y/y (expected +3.5%)

    Japan data – April PPI -0.2% m/m (expected +0.2%) & +3.2% y/y (expected +3.5%)


    The PPI data comes from the Bank of Japan.

    Producer Price Index (YoY) (May) +3.2%

    • expected 3.5%, prior 4.0%

    Producer Price Index (MoM) (May) -0.2%

    • expected 0.2%, prior 0.2%

    Yesterday Bank of Japan Governor Ueda expressed worry about inflation (at the consumer level) falling short of his 2% taregt:

    This data is consumer level inflation, but it feeds into it. Declining price pressures here may leve Ueda disappointed for a while yet.

    —

    Japan’s Services Producer Price Index (PPI) measures the average change over time in the prices received by service providers (in the private sector) for their services in Japan:

    • Data published by the Bank of Japan
    • covers services such as transportation and communication, finance and insurance, wholesale and retail trade, and others
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