--- title: "Preview: Forecasters See Japan PPI +2.0% Y/Y, +0.8% in March M/M; Eye Rising Energy Costs" type: "News" locale: "en" url: "https://longbridge.com/en/news/281554538.md" description: "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." datetime: "2026-04-02T16:20:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281554538.md) - [en](https://longbridge.com/en/news/281554538.md) - [zh-HK](https://longbridge.com/zh-HK/news/281554538.md) --- # Preview: Forecasters See Japan PPI +2.0% Y/Y, +0.8% in March M/M; Eye Rising Energy Costs Consensus outlook for Mace News Friday, April 10, 2026 0850 JST (2350 GMT/1950 EDT Thursday, April 9) The Bank of Japan releases the March corporate goods price index. Mace News median: CGPI +2.0% y/y (range: +0.8% to +3.8%) vs. Feb +2.0%; +0.8% m/m (range: +0.2% to +2.1%) vs. Feb -0.1% Japan’s producer inflation, measured by the corporate goods price index (CGPI), is expected to hold steady on the year in March as rising tensions in the Middle East pushed oil product prices higher following three consecutive months of deceleration through February. The CGPI is projected to rise 2.0% from a year earlier in March, unchanged from February. That would match the lowest level since April 2024, when the CGPI rose 1.2%, and extend the streak of increases to 61 consecutive months. Producer inflation had already been easing ahead of March. The CGPI slowed to 2.0% in February from 2.3% in January and 2.4% in December, as domestic rice supply shortages eased, fuel prices fell more than 10% year over year, and declines in utility prices deepened. Gasoline and other oil product prices rose sharply in March amid escalating tensions in the Middle East following U.S.-Israeli attacks on Iran in late February. But the government’s subsidies are seen helping stabilize prices at levels roughly in line with a year earlier. The impact of the Middle East situation also appears limited to certain sectors, including chemical products. In contrast to the uptrend in oil prices, rice prices have shown signs of a notable slowdown. In Tokyo’s consumer price index, rice prices rose 8.3% in March, sharply down from an 18.2% increase in February. On a month-on-month basis, the CGPI is expected to rise 0.8% in March after slipping 0.1% in February. ### Related Stocks - [1369.JP](https://longbridge.com/en/quote/1369.JP.md) - [1568.JP](https://longbridge.com/en/quote/1568.JP.md) - [1456.JP](https://longbridge.com/en/quote/1456.JP.md) - [1329.JP](https://longbridge.com/en/quote/1329.JP.md) - [1320.JP](https://longbridge.com/en/quote/1320.JP.md) - [1473.JP](https://longbridge.com/en/quote/1473.JP.md) - [3097.JP](https://longbridge.com/en/quote/3097.JP.md) - [1365.JP](https://longbridge.com/en/quote/1365.JP.md) - [1475.JP](https://longbridge.com/en/quote/1475.JP.md) - [1305.JP](https://longbridge.com/en/quote/1305.JP.md) - [8247.JP](https://longbridge.com/en/quote/8247.JP.md) - [1585.JP](https://longbridge.com/en/quote/1585.JP.md) - [3175.JP](https://longbridge.com/en/quote/3175.JP.md) ## Related News & Research - [Monogatari Posts Double-Digit Sales Growth as Store Network Nears 800 Outlets](https://longbridge.com/en/news/282150474.md) - [RUBBER-Japan futures extend gains as traders focus on Mideast developments](https://longbridge.com/en/news/281819215.md) - [Japan's 10-year bond yield hits 29-year high as inflation worries resurface](https://longbridge.com/en/news/286175004.md) - [BOJ appoints monetary policy expert Masaki to oversee global affairs](https://longbridge.com/en/news/285864495.md) - [RUBBER-Japan futures gain as costly butadiene spurs shift to natural rubber](https://longbridge.com/en/news/280273291.md)