Corporate Goods Price Index up 1.9% in August: Bank of Japan

September 12, 2007
By Ken Worsley

Earlier today, the Bank of Japan published its monthly corporate goods price index for August, and the report shows a 1.9% rise against the same month last year.

This may not be the sexiest of reports (yes, that’s an invitation for nominations), but there are insights to be gleaned from it. First, we see that the price of Iron and steel has shot up 11.6% against a year ago, while the price of minerals went up 4.0%. No other commodity saw a price rise at 4.0% or above.

Coming close were lumber and wood (+3.6%), nonferrous metals (+3.4%), chemicals (+3.4%), textiles (+3.3%), and metal products (+3.2%).

The only reductions listed were in electrical equipment at -2.0% and precision instruments at -0.3%.

Filed Under Bank of Japan, Corporate Price Index, Economic Reports, Japan

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