The Bank of Japan published its Monthly Report on the Corporate Goods Price Index with preliminary figures for March 2026. The Producer Price Index rose 0.8% from the previous month (up 2.6% from a year earlier), while the Export Price Index and Import Price Index on a contract currency basis increased 0.8% and 1.5% month on month, respectively (up 7.1% and 2.2% from a year earlier). Petroleum and coal products contributed 0.46 percentage points to the monthly rise in the Producer Price Index, followed by chemicals and related products (0.13 percentage points), with smaller positive contributions from items including scrap and waste, electric power, gas and water, agriculture products, and transportation equipment. Export price increases on a contract currency basis were driven mainly by other primary products and manufactured goods (0.72 percentage points) and chemicals and related products (0.13 percentage points), partly offset by metals and related products (-0.12 percentage points). Import price increases on a contract currency basis were led by petroleum, coal and natural gas (1.34 percentage points), alongside electric and electronic products (0.15 percentage points) and food-related items (0.08 percentage points), while chemicals and related products (-0.07 percentage points) and metals and related products (-0.05 percentage points) reduced the overall rise; the report also included preliminary fiscal-year 2025 averages showing the Producer Price Index up 2.7% from the previous fiscal year, export prices up 1.5%, and import prices down 3.3% on a yen basis and 2.6% on a contract currency basis. The next monthly report is scheduled for release on May 15, 2026.
Bank of Japan 2026-04-10
Bank of Japan releases March 2026 Corporate Goods Price Index with producer and export prices up 0.8% m/m and import prices up 1.5%
The Bank of Japan’s Monthly Report on the Corporate Goods Price Index for March 2026 showed the Producer Price Index up 0.8% month on month and 2.6% year on year, and export and import prices on a contract currency basis up 0.8% and 1.5% month on month. The rise in producer prices was driven mainly by petroleum and coal products, while import price increases were led by petroleum, coal and natural gas. The report also noted preliminary fiscal-year 2025 averages, with the Producer Price Index up 2.7%, export prices up 1.5%, and import prices down 3.3% on a yen basis.