The PPI is a guide to business level inflation (not consumer level)
For, November, comes in at +0.2% m/m
- expected 0.1%
- prior 1.1%
For the y/y, comes in at +0.1%
- prior +0.4%
As part of the release is a guide to consumer level inflation, the ‘domestic final goods price’ index, which fell 0.1% y/y
If the BOJ is intent on hitting its 2i% inflation goal you’d have to think such results will keep easy monetary policy on the boil, with perhaps more to come? Next BOJ meeting is December 18 and 19.