> Japan PPI data for April +3.6% y/y (vs. expected 3.1%)

Japan PPI data for April +3.6% y/y (vs. expected 3.1%)

Eamonn Sheridan

Sunday, 16/05/2021 | 23:55 GMT-0

Japan PPI for April

+0.7% m/m

expected 0.5%, prior revised to 1.0% from 0.8% m/m

+3.6% y/y

expected 3.1%, prior revised to 1.2% from 1.0% y/y

Producer Price Index is inflation at a business-to-business level (in a nutshell). It is also known as the Corporate Goods Price Index, which is probably a better indication as to what it is.

In the release is also an indication of consumer prices. The 'domestic final goods prices' index, which loosely correlates with CPI. Comes in at 1.7% y/y

The Bank of Japan is looking for higher inflation (CPI) and may take some encouragement from this data coming in above expectations and up from March.