Corporate Price Index rises for 3 consecutive months 11:13 on February 13
Last month, the Corporate Price Index, which shows the price movement of goods traded between companies, was the same as in the previous year for the third consecutive month, as crude oil and other oil prices increased due to progress in trade negotiations between the United States and China. Month exceeded.
The BOJ conducts monthly surveys and interviews with domestic companies to determine the price movements of goods being traded between companies.
Last month's corporate price index, which was announced on the 13th, rose 10% to 102.5, an index of 100 on the 2015 average, up 1.7% from the same month in the previous year for the third consecutive month.
This was mainly due to the rise in prices of crude oil, naphtha, chemicals and other raw materials due to the effects of the increase in the consumption tax rate and tensions in the Middle East due to the progress of trade negotiations between the United States and China and the conflict between the United States and Iran. Factor.
However, prices of crude oil and naphtha have been declining since late last month due to concerns about the impact of the spread of the new coronavirus on the Chinese economy.
The Bank of Japan said, "The impact of the spread of the new coronavirus on the prices of corporate transactions was limited last month, but we would like to closely monitor future trends."