Producer prices from Japan for October. +3.4% y/y
- expected +3.1% y/y, prior 3.0%
- expected 0.1% m/m, prior 0.2%
Wholesale price inflation continues, coming in above consensus median expectations
Overall final goods prices +1.8% y/y (this is finished good prices to business)
Domestic final goods price +0.8% y/y
- (this should be a useful indicator to CPI)
The PPI was previously known as the corporate goods price index (CGPI). It’s a guide to wholesale pricing — what companies charge each other (and government) for goods and services.