Increase in Japan’s import prices
Japan’s import prices increased by 6.4 percent in April due to the weakness in the yen.
Data from the Bank of Japan showed corporate inflation was stable in April from a year earlier, but import prices rose last month.
Import prices increased by 6.4 percent on an annual basis in April due to the weakness in the yen. This was the largest increase in import prices since March 2023.
Japan’s corporate goods price index (CGPI), or producer prices, rose 0.9 percent annually last month, as it did in March. The figure was slightly above economists’ forecast for an increase of 0.8 percent.
CGPI is a measure of the prices companies charge each other for their goods and services.