TOKYO, Apr 10 (News On Japan) –
The Corporate Goods Price Index, which displays the costs of products traded between firms, reached an all-time excessive in each March and the fiscal 12 months of 2023.
The Bank of Japan introduced that the Corporate Goods Price Index for March hit 120.7, marking the best since information grew to become comparable in 1980.
Compared to the identical month within the earlier 12 months, the index rose by 0.8%, marking 37 consecutive months of enhance.
The largest contribution got here from meals and drinks, the place the pattern of passing on the elevated prices of uncooked supplies and packaging to costs continued.
Prices had been additionally pushed up by sectors like the auto trade, which is dealing with ongoing rises in metal costs and logistics prices.
Additionally, the index for the fiscal 12 months of 2023 was 119.9, setting one other file excessive.
However, the expansion fee of two.3% represents a big lower in comparison with the earlier fiscal 12 months.
Source: ANN