Corporate price index rises for two consecutive months due to consumption tax rate and progress in US-China negotiations Jan. 11:39
Last month's Corporate Price Index, which shows the price movements of goods traded among companies, was higher than the same month of the previous year for the second consecutive month. The main factor was the rise in prices of raw materials for products such as crude oil due to the progress of trade negotiations between the United States and China in addition to the impact of the consumption tax hike.
The BOJ interviews domestic companies every month to investigate the price movements of goods being traded between companies.
Last month's corporate price index, announced on the 16th, was 102.3, an index of 100 on the 2015 average, 0.9% higher than the same month in the previous year.
It is the second consecutive month that the corporate price index is higher than the same month in the previous year.
This index is calculated including the consumption tax, and the reason why the index continued to rise was the effect of the consumption tax hike.
In addition, the first stage of trade negotiations between the United States and China reached an agreement, which led to higher prices for raw materials for products such as crude oil, copper, and scrap iron.
The Bank of Japan said, "In the trade negotiations between the United States and China, the two governments signed a first-stage agreement, but we want to carefully watch where the trade negotiations between the two countries have a significant impact on corporate prices." You.