Bank of Japan : Corporate Goods Price Index (Mar.)

Bank of Japan

Research and Statistics Department	FOR RELEASE 8:50 A.M.
	Monday, April 12, 2021

Monthly Report on the Corporate Goods Price Index

• • Preliminary Figures for March 2021 )
• The Producer Price Index rose 0.8 percent from the previous month.
• The Export Price Index (contract currency basis) rose 1.1 percent from the previous month.
• The Import Price Index (contract currency basis) rose 1.7 percent from the previous month.

CY2015 = 100, %

										Export Price Index					Import Price Index			Foreign
			Producer Price	excluding																			exchange
				extra	Yen		Contract currency		Yen			Contract currency	rate
			Index		charges for
				basis		basis			basis			basis
							summer							$/yen
							electricity
		Monthly		Yearly	Monthly	Monthly		Yearly	Monthly		Yearly	Monthly		Yearly	Monthly		Yearly	Monthly
		change		change	change	change		change	change		change	change		change	change		change	change
	2020/ Feb.		-0.4			0.7		-0.4	0.2		-2.2		0.1			-1.5		0.0			-1.9		-0.3			-1.4	0.5
	Mar.		-0.8			-0.4		-0.8	-2.3		-5.1		-0.8			-2.6		-4.7			-7.8		-3.2			-5.3	-2.3
	Apr.		-1.7			-2.5		-1.7	-1.0		-6.5		-1.2			-4.0		-5.9			-13.5		-6.4			-11.4	0.5
	May		-0.4			-2.7		-0.4	-1.3		-6.5		-1.0			-4.9		-6.0			-18.4		-5.9			-17.3	-0.6
	June		0.6			-1.6		0.6	0.8		-4.1		0.3			-3.8		0.6			-16.1		0.5			-16.1	0.2
	July		0.5			-1.0		0.3	0.7		-3.2		0.9			-2.5		2.1			-12.7		2.6			-12.1	-0.7
	Aug.		0.2			-0.6		0.1	0.3		-1.6		0.4			-2.1		1.1			-11.1		1.6			-11.4	-0.7
	Sep.		-0.2			-0.8		-0.1	0.1		-1.5		0.4			-1.1		0.1			-10.3		0.3			-9.8	-0.3
	Oct.		-0.2			-2.1		0.0	0.0		-1.9		0.2			-0.8		-0.2			-10.9		0.0			-9.7	-0.5
	Nov.		-0.1			-2.3		-0.1	0.0		-2.1		0.4			-0.2		0.5			-10.7		1.1			-8.5	-0.8
	Dec.		0.5			-2.0		0.5	0.7		-1.5		0.8			0.7		2.1			-9.8		2.4			-7.0	-0.5
	2021/ Jan.	r	0.4		r	-1.6	r	0.4	1.0		-0.9		0.9			1.4		3.3			-7.3		3.5			-4.2	-0.1
	Feb.	r	0.6		r	-0.6	r	0.6	1.4		0.3	r	0.6		r	1.9	r	4.6		r	-3.1	r	3.6		r	-0.5	1.6
	Mar.		0.8			1.0		0.8	2.8		5.5		1.1			3.9		3.8			5.6		1.7			4.5	3.1
	Preliminary Figures
	Index		102.1			102.1	95.4			101.6				94.6				102.5			108.6

Notes: 1. A negative change in the "Foreign exchange rate" indicates an appreciation of the yen. 2. r: revised figures

110 （CY2015 = 100）							125	（CY2015 = 100）							150 （CY2015 = 100）
	Producer Price Index							Export Price Index							Import Price Index
108											(yen basis)									(yen basis)
								120		Export Price Index					140		Import Price Index
	Producer Price Index
106	using Chain-weighted Index Formula					(contract currency basis)						(contract currency basis)
									115										130
104
102									110										120
100									105										110
98									100										100
96
									95										90
94
92									90										80
90									85										70
CY 13	14	15	16	17	18	19	20	21	CY 13	14	15	16	17	18	19	20	21	CY 13	14	15	16	17	18	19	20	21
														1

(Commodities contributing to the monthly changes in March 2021)

Producer Price Index			Monthly change 0.8%
	Groups	Contribution	Commodities
	to change
	Petroleum & coal products	0.36	%	Gasoline, Gas oil, Kerosene
	Nonferrous metals	0.14	%	Unwrought copper, Power & telecommunications cables except optical fiber
	cables, Copper wire rods
	Chemicals & related products	0.11	%	Xylene, Bisphenol A, Styrene monomer
	Agriculture, forestry & fishery products	0.06	%	Chicken eggs, Beef, Dried laver
	Scrap & waste	0.06	%	Iron & steel scrap, Copper & copper alloy scrap, Aluminum & aluminum
	alloy scrap
	Electric power, gas & water	0.05	%	Industrial extra high tension power, Commercial high tension power,
	Industrial high tension power
	Iron & steel	0.03	%	Light steel bars, Hot-dipzinc-coated steel sheets, Hot rolled steel strips
	Electrical machinery & equipment	0.01	%	Room air conditioners, Lead storage batteries, Monitoring & control
	equipment
		0.01	%	Scantlings (less than 7.5cm thick with a width less than 4 times the
	Lumber & wood products	thickness), Prefabricated wooden buildings & structural members for
				housing, Glued laminated lumber
	Information & communications equipment	-0.01 %	Cellular phones, Terminals
Export Price Index (contract currency basis)			Monthly change 1.1%
	Groups	Contribution	Commodities
	to change
	Chemicals & related products	0.44	%	Para-xylene, Styrene monomer, Caprolactam
	Metals & related products	0.41	%	Hot rolled steel strips, Unwrought copper, Iron & steel scrap
	Other primary products & manufactured goods	0.21	%	Jet fuel oil & kerosene, Gas oil, Gasoline
	Electric & electronic products	0.03	%	MOS integrated circuits (except MOS memory integrated circuits), Resistors
	for electronic equipment, Power transformers
	Textiles	0.02	%	Acrylic staple fibers, Natural fiber fabrics
	General purpose, production & business oriented	-0.02 %	Flat panel & display manufacturing equipment, Excavators, Metal valves
	machinery
Import Price Index (contract currency basis)			Monthly change 1.7%
	Groups	Contribution	Commodities
	to change
	Petroleum, coal & natural gas	0.65	%	Crude petroleum, Naphtha, Liquefied petroleum gas
	Metals & related products	0.36	%	Copper ores, Unwrought palladium, Copper & copper alloy scrap
	Electric & electronic products	0.25	%	MOS logic integrated circuits, Cellular phones, Servers
	Chemicals & related products	0.18	%	Saturated polyester resins, General purpose plastics (except saturated
	polyester resins), Bio-ETBE
	Beverages & foods and agriculture products for food	0.12	%	Corn, Beef, Edible offal & tongues of cattle
	Other primary products & manufactured goods	0.05	%	Bleached paper kraft pulp, Plastic films & sheets, Musical instruments
	Lumber & wood products and forest products	0.05	%	Plywood, North American timber, European timber
	Textiles	0.02	%	Yarn of natural fibers, Yarn of chemical fibers , Sweaters

2

Producer Price Index

( Preliminary Figures for March 2021 )

CY2015 = 100, %

		Index			Monthly			Yearly
		Previous	Previous	Previous
	Weight	change	change
		month		month		month
All commodities	1,000.0	102.1	r	101.3	0.8	r	0.6	1.0	r	-0.6
excluding extra charges for summer electricity	1,000.0	102.1	r	101.3	0.8	r	0.6	1.0	r	-0.6
Beverages & foods	141.6	103.3	r	103.3	0.0	r	0.2	1.1	r	1.0
Textile products	9.6	103.6	r	103.3	0.3	r	1.0	-0.4	r	-0.3
Lumber & wood products	9.2	106.6		105.5	1.0		0.7	1.3		0.2
Pulp, paper & related products	27.7	109.2	r	109.2	0.0	r	-0.1	-0.4	r	-0.5
Chemicals & related products	89.2	94.2	r	92.9	1.4	r	1.3	0.9	r	-1.7
Petroleum & coal products	59.5	109.3	r	103.2	5.9		4.3	9.8	r	-6.0
Plastic products	38.2	97.0	r	97.1	-0.1	r	0.2	-1.9	r	-2.1
Ceramic, stone & clay products	23.3	107.4	r	107.5	-0.1	r	0.2	0.5	r	0.6
Iron & steel	51.7	113.5	r	112.8	0.6	r	1.1	2.2	r	1.3
Nonferrous metals	27.1	118.5	r	113.4	4.5	r	2.9	28.7	r	17.9
Metal products	40.0	108.9	r	109.1	-0.2	r	0.1	-0.3	r	0.2
General purpose machinery	27.2	103.7	r	103.6	0.1	r	-0.6	-0.2	r	0.0
Production machinery	41.1	102.6	r	102.8	-0.2		0.2	-1.2	r	-1.7
Business oriented machinery	16.2	103.0	r	102.9	0.1	r	-0.5	-0.1	r	0.0
Electronic components & devices	24.5	98.3	r	98.2	0.1	r	0.1	-0.2	r	-0.6
Electrical machinery & equipment	52.7	94.9	r	94.7	0.2	r	-0.5	-0.4	r	0.1
Information & communications equipment	20.8	94.3		95.0	-0.7	r	0.0	-1.9		-1.2
Transportation equipment	140.7	99.4		99.4	0.0		0.0	-0.4		-0.5
Other manufacturing industry products	48.0	104.3	r	104.3	0.0	r	0.3	0.4	r	0.7
Agriculture, forestry & fishery products	35.8	108.7	r	107.0	1.6	r	0.4	1.6	r	-0.4
Minerals	3.9	95.3	r	95.3	0.0	r	0.8	-6.3	r	-6.3
Electric power, gas & water	67.1	87.4	r	86.6	0.9	r	0.9	-10.2	r	-10.9
Scrap & waste	4.9	153.4	r	141.9	8.1	r	-6.4	63.9	r	46.0

Notes: 1. The index of "All commodities excluding extra charges for summer electricity" adjusts extra charges applied during summer season from July

to September.

2. r: revised figures

3

Export Price Index

( Preliminary Figures for March 2021 )

CY2015 = 100, %

		Index		Monthly change	Yearly change
		Yen			Yen			Contract	Yen			Contract
		Previous	Previous	Previous
	Weight	currency	currency
	basis	month	basis	month	basis	basis	month	basis
All commodities	1,000.0	95.4		92.8	2.8		1.4	1.1	5.5		0.3	3.9
Textiles	13.8	93.9		91.0	3.2		0.6	1.6	4.2		-0.3	2.6
Chemicals & related products	98.4	96.1	r	90.2	6.5	r	3.7	4.5	13.1	r	1.3	12.5
Metals & related products	108.5	124.7	r	118.4	5.3	r	2.9	2.9	23.7	r	13.1	22.4
General purpose, production &	189.4	96.4	r	95.6	0.8	r	0.7	-0.1	1.2	r	-0.1	-0.3
business oriented machinery
Electric & electronic products	205.5	85.1		83.7	1.7		0.1	0.1	-0.7		-3.5	-2.1
Transportation equipment	285.2	92.7	r	91.0	1.9	r	0.9	0.0	3.5	r	-0.4	0.5
Other primary products &	99.2	89.9		86.2	4.3		2.6	2.2	2.5		-6.6	1.3
manufactured goods
Note: r: revised figures

Import Price Index

( Preliminary Figures for March 2021 )

CY2015 = 100, %

		Index		Monthly change	Yearly change
		Yen			Yen			Contract	Yen			Contract
		Previous	Previous	Previous
	Weight	currency	currency
	basis	month	basis	month	basis	basis	month	basis
All commodities	1,000.0	94.6	r	91.1	3.8	r	4.6	1.7	5.6	r	-3.1	4.5
Beverages & foods and agriculture	80.4	98.2	r	94.9	3.5	r	2.5	1.4	9.5	r	3.6	7.5
products for food
Textiles	61.3	94.1	r	92.7	1.5	r	0.8	0.3	1.0	r	-1.0	0.1
Metals & related products	95.8	130.5	r	123.8	5.4	r	6.8	2.7	33.3	r	18.8	32.0
Lumber & wood products and	17.3	102.5	r	97.3	5.3		3.2	2.5	9.3	r	1.8	6.6
forest products
Petroleum, coal & natural gas	252.3	94.5	r	89.5	5.6	r	12.7	2.5	1.3	r	-14.9	0.1
Chemicals & related products	94.7	89.6	r	86.7	3.3	r	0.5	2.1	2.1	r	-3.7	1.2
General purpose, production &	68.1	96.0	r	94.5	1.6	r	1.3	-0.1	1.6	r	-1.3	0.3
business oriented machinery
Electric & electronic products	196.6	77.0	r	74.4	3.5	r	1.2	1.6	0.5	r	-4.0	-0.5
Transportation equipment	49.5	97.9		96.5	1.5		0.9	0.0	2.9		0.2	1.6
Other primary products &	84.0	93.7		91.2	2.7		1.8	0.7	3.7		-0.8	2.5
manufactured goods
Note: r: revised figures

4

Index by Stage of Demand and Use( Preliminary Figures for March 2021 )

CY2015 = 100, %

					Index	Monthly			Yearly
				Weight	change	Previous month	change	Previous month
Domestic demand products	1,000.000	99.0	1.5	r	1.5	2.1	r	-1.2
			Domestic goods	744.660	100.5	0.8		0.5	1.0		-0.6
			Imports	255.340	94.6	3.8	r	4.6	5.6	r	-3.1
	Raw materials	100.163	103.1	4.1	r	6.9	7.6	r	-3.9
			Domestic goods	26.060	111.6	2.3	r	-0.9	7.7	r	4.6
			Imports	74.103	100.0	4.7	r	10.4	7.4	r	-6.9
	Intermediate materials	535.481	100.4	1.5	r	1.2	1.9	r	-1.0
			Domestic goods	448.097	100.6	0.9	r	0.8	0.7	r	-1.2
			Imports	87.384	99.3	5.0		3.5	8.9		-0.1
	Final goods	364.356	95.9	0.7	r	0.5	0.9	r	-0.7
			Domestic goods	270.503	99.3	0.4		0.3	0.9		-0.1
			Imports	93.853	86.1	1.9	r	1.2	0.9	r	-2.5
		Capital goods	112.246	97.1	0.5	r	0.1	0.2		-0.6
			Domestic goods	87.827	100.0	0.1		-0.1	0.1		-0.1
			Imports	24.419	86.5	1.9	r	1.3	0.6	r	-2.5
		Consumer goods	252.110	95.4	1.0		0.6	1.3		-0.8
			Domestic goods	182.676	99.0	0.6	r	0.5	1.3	r	-0.1
			Imports	69.434	85.9	1.9		1.1	0.9		-2.7
			Durable consumer goods	67.121	87.4	0.6		0.3	-0.5		-1.1
			Domestic goods	42.200	95.3	-0.1		-0.1	-0.6	r	0.0
			Imports	24.921	73.9	2.1	r	1.3	-0.3	r	-3.7
			Nondurable consumer goods	184.989	98.3	1.0	r	0.8	1.9	r	-0.6
			Domestic goods	140.476	100.1	0.9		0.6	1.9		-0.3
			Imports	44.513	92.7	1.9		1.0	1.6		-2.2

Notes: 1. These indexes are compiled by reclassifying the "Producer Price Index excluding the consumption tax," "Export Price Index" and "Import Price Index" in terms of commodities' stage of demand or use of goods.

2. r: revised figures

（Index by Stage of Demand and Use）

150	（CY2015 = 100）
140							Domestic demand products
						Raw materials
130							Intermediate materials
120							Final goods
110
100
90
80
70	CY 2013	2014	2015	2016	2017	2018	2019	2020	2021
					5