Japan PPI data for March 2022: +9.5% y/y (vs. expected 9.3%)

Japan Producer Price Index for March.

+0.8% m/m

• expected 0.9+%, prior 0.8%

+9.5% y/y

• expected 9.3%, prior 9.3%

The idea with this indicator is the cost pressures faced by business will be passed along to consumers (in the CPI). This has not been happening to much of a degree at all though.

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Producer Price Index data is published by the Bank of Japan

• is a measure of prices for goods purchased by domestic corporates in Japan