Japan PPI (October): +3.4% y/y (expected +3.1%)

Producer prices from Japan for October.  +3.4% y/y

  • expected +3.1% y/y, prior 3.0% 

 +0.3% m/m

  • 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.
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