Japan Energy And Chemicals Lift Goods Ppi In May

Japan's Corporate Goods Price Index rose 6.3% oya in May, fueled by ongoing energy and chemical input cost pressures. Import price index growth also remains high at 25.5% oya.

Key Takeaways

• 1.Producer price pressures in Japan remained elevated in May, driven by energy and chemical input costs.
• 2.The CGPI rose 1.0% m/m and 6.3% oya, with notable surges in petroleum products, naphtha, and non-ferrous metals.
• 3.Import cost pressures are significant, with a 25.5% oya increase in the import price index on a yen basis, led by energy costs.

Table of Contents

• Japan: Energy and chemicals lift goods PPI in May
• Economic and Policy Research

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