Corporate price index rose for the first time in 6 months, due to the consumption tax rate increase December 11, 10:51
The November “Corporate Price Index”, which shows the price movement of goods traded among companies, exceeded the same month of the previous year for the first time in six months. The main factors are the impact of the consumption tax hike and the price of crude oil.
The BOJ interviews about 2,000 domestic companies every month and investigates the price movement of goods traded between them.
Last month's corporate price index announced on the 11th was 102.2, an average of 100, which was 0.1% higher than the same month of the previous year.
It is the first time in six months that the index has exceeded the same month of the previous year.
This is mainly due to the rise in prices of crude oil and other products reflecting the impact of the consumption tax hike in October and the status of US-China trade negotiations.
On the other hand, the index excluding the effect of the consumption tax hike was 100.6, 1.5% lower than the same month of the previous year.
“The price has surpassed the same month of the previous year for the first time in six months, but overall, there is no strong power to rise or fall. I would like to pay close attention to the market conditions and the impact on domestic prices. "