The nation’s producer price index rose 3.9 percent in August from a year before, up for the 17th consecutive month, the Bank of Japan said Wednesday.
The index, previously called the corporate goods price index, stood at 106.4 against 100 for the base year of 2010, the central bank said in a preliminary report.
The prices of energy-related goods such as oil and coal products, as well as electricity, gas and water rates were significantly higher.
Prices rose for 420 of the items on the index and declined for 311 items.
Month on month, the index dropped 0.2 percent, marking the first drop in six months.
“It is difficult to predict the outlook for prices amid concern over a drop in demand, mainly in the housing sector, after a surge ahead of the consumption tax hike [in April],” a BOJ official said.Speech
via Japan News