TOKYOMay 15 (News On Japan) – The Corporate Goods Price Index (CGPI) for April, which indicates the price level of goods traded between companies, increased 0.9% compared to last year, marking the fifth straight month of marks record highs.
According to preliminary figures released today by the Bank of Japan, the CGPI for April reached 121.2, up 0.9% from April last year, setting a record for the fifth consecutive month since comparable data became available in 1980.
Prices of non-ferrous metals such as copper rose, and the rising trend in crude oil prices due to tensions in the Middle East also contributed to the index’s rise. Of the 515 items examined, more than 70% (395 items) saw price increases.
Furthermore, the ongoing historic depreciation of the yen led to a 6.4% increase in import prices in yen terms compared to April last year, pushing overall prices up significantly.
Source: TBS
