Corporate price index rises for 2 consecutive months due to resumption of economic activity 10:50 on August 13
The July corporate price index, which shows the price of goods traded between companies, rose 0.6% from the previous month, rising for the second consecutive month. This is because economic activity resumed both in Japan and overseas, and crude oil prices picked up.
Every month, the BOJ examines the prices of goods traded between companies and publishes them as the corporate price index.
Last month's index was 98.7, excluding the impact of last year's consumption tax hike, with the 2015 average being 100, up 0.6% from the previous month. It is the second consecutive month that the index has exceeded the previous month.
This is because the prices of crude oil and metals, which had been declining temporarily due to global demand due to the impact of the new coronavirus, are picking up as economic activity resumes, and prices of agricultural, forestry and marine products have risen. Is the main factor.
However, it has fallen by 2.4% compared to the same month last year, and has been low since March.
The Bank of Japan says, “It can be said that the impact of the new coronavirus has somewhat eased. However, it seems that economic activity will remain suppressed for a while, and we will continue to pay attention to future economic and price trends.”