The Domestic Corporate Goods Price Index rose 7.6% year on year and fell 0.2% month on month in August. Food and beverages rose 4.3% year on year and 0.3% month on month.
According to the preliminary August Corporate Goods Price Index released by the Bank of Japan, the Domestic Corporate Goods Price Index stood at 136.1, up 7.6% year on year and down 0.2% month on month. After adjustment for summer electricity tariffs, the index was up 7.7% year on year and down 0.1% month on month. The July index was subsequently revised, with July showing a 7.7% year-on-year increase and a 0.4% month-on-month increase. In August, the year-on-year growth rate remained in the 7% range, while the month-on-month change turned negative.
Food and beverages, a food-related category, stood at 130.0, up 4.3% year on year and 0.3% month on month. Although August's increase reflected the rise recorded in July, the year-on-year growth rate expanded by 0.3 percentage points. The contribution was positive at 0.04%, with frozen prepared foods, sweet bread and canned and bottled seafood among the main items recording price increases.
The yen-based Import Price Index stood at 193.7, up 24.8% year on year and down 3.0% month on month. The Import Price Index on a contract-currency basis stood at 142.0, up 16.7% year on year and down month on month. The yen-based index for food and beverages and agricultural, forestry and fishery products stood at 180.0, up 7.4% year on year and down 1.7% month on month.
The overall Domestic Corporate Goods Price Index fell 0.2% month on month. Electricity, city gas and water made a negative contribution of 0.14%, while agricultural, forestry and fishery products and petroleum and coal products each made a negative contribution of 0.12%. Nonferrous metals made a positive contribution of 0.10%, with copper, aluminum alloy die-cast products and gold bullion prices rising. Food and beverages and plastic products each made a positive contribution of 0.04%.
Imported energy prices fell 1.18% month on month. On a yen basis, they fell 6.1% month on month but rose 42.2% year on year. On a contract-currency basis, they fell 3.7% month on month and rose 32.8% year on year.