Preview: Forecasters See Japan PPI +2.0% Y/Y, +0.8% in March M/M; Eye Rising Energy Costs
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Japan's corporate goods price index (CGPI) is projected to remain steady at +2.0% year-on-year in March, matching February's rate, while month-on-month it is expected to rise by +0.8%. Rising energy costs, particularly due to tensions in the Middle East, are influencing these figures. Despite a recent easing in producer inflation, the CGPI has maintained a streak of increases for 61 consecutive months. The government’s subsidies are expected to help stabilize prices, particularly in the oil sector, while rice prices have shown a notable slowdown.
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