Japan Domestic Corporate Goods Prices Rise 7.1% Year Over Year in June

Japan's domestic corporate goods price index rose 7.1% year over year in June and 0.4% month over month. The year-over-year increase topped the 6.8% median forecast from a Bank of Japan poll of economists. The month-over-month gain also exceeded the 0.3% median forecast.

The index measures price changes for goods traded among domestic companies before they reach consumers. Officials release the data each month as one gauge of upstream cost pressures in the Japanese economy.

Economists surveyed by the Bank of Japan had projected a 6.8% annual increase and a 0.3% monthly increase. The actual figures came in above both projections. No named individuals or specific institutions beyond the data source appear in the reporting.