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Japan June wholesale prices fall 4.2 percent year-on-year

Published 07/12/2016, 01:45 AM
© Reuters. An employee of a sushi restaurant takes a break as seafood stalls are seen at the Noryangjin fisheries wholesale market in Seoul

TOKYO, (Reuters) - Japanese wholesale prices fell 4.2 percent in the year to June, Bank of Japan data showed on Tuesday.

The fall in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, compares with the median market forecast for a 4.2 percent annual decrease and follows a 4.3 percent annual decrease in May.

Overall final goods prices -- the prices of finished products charged to businesses -- fell 3.7 percent from a year earlier.

Domestic final goods prices, which loosely track the consumer price index, fell 1.2 percent from a year earlier.

Details were as follows (preliminary, with percentage change; economists' median forecast in parentheses; previous figures may be revised):

JUNE MAY APRIL JUNE INDEX

Year-on-year -4.2 (-4.2) -4.3 -4.2 99.2

Mth-on-mth -0.1 (-0.1) +0.1 -0.4

© Reuters. An employee of a sushi restaurant takes a break as seafood stalls are seen at the Noryangjin fisheries wholesale market in Seoul

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