News

Japan – PPI for April 1.2% y/y (expected 1.1%)

PPI is inflation at the wholesale level (business to business sales and the like), not consumer price inflation

For April:

+1.2 % y/y

  • expected 1.1% y/y, prior 1.3%

+0.3 % m/m

  • expected 0.2% m/m,
    prior 0.3%

The data release also includes ‘domestic final goods prices’, which is a guide to consumer inflation, up 0.4 y/y

Its a good idea before Japanese data releases to clean my glasses, that way I can see if the yen moves. It has! About 2 tics or so. 

ForexLive

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