According to the Bank of Japan's October domestic corporate goods price index (preliminary), prices rose 7.1% year on year, accelerating from the 6.8% increase in September.
The preliminary October domestic corporate goods price index showed that corporate goods prices rose 7.1% year on year. The growth rate for July as of the end of the previous month was a 7.1% increase, and it has accelerated from the 6.8% increase in September.
The increase was attributed to higher crude oil prices and price revisions, among other factors. According to data released by the Bank of Japan, movements in crude oil prices and the impact of corporate price revisions appear to have pushed up the increase in prices.