This report provides detailed information on the Corporate Goods Price Index for June 2025, covering trends in domestic, export, and import price indices.
Key Points
1. Domestic Corporate Goods Price Index Trends
- June 2025 domestic index: -0.2% MoM, +2.9% YoY
- Index level: 126.2 (2020 average = 100)
- Deceleration from May 2025: -0.1% MoM, +3.3% YoY
- Summer electricity rate-adjusted index also shows -0.2% MoM, similar movement
2. Export Price Index Trends
- Contract currency basis: +0.1% MoM, -4.2% YoY
- Yen basis: +0.2% MoM, -6.9% YoY
- June index level in yen: 134.4 (2020 average = 100)
- Turned positive from May's -1.0% MoM (contract currency basis)
3. Significant Decline in Import Price Index
- Contract currency basis: -1.6% MoM, -10.3% YoY
- Yen basis: -1.7% MoM, -12.3% YoY
- June index levels: 151.2 (yen), 111.2 (contract currency)
- Second consecutive month of decline with expanding negative margins
4. Exchange Rate Impact
- June USD/JPY rate: 144.5 yen (-0.1 yen appreciation MoM)
- YoY appreciation: -6.1%
- Yen appreciation trend affecting export/import price indices in yen terms
- Remained flat from May's 144.6 yen
5. Quarterly Trends
- FY2024 export price index: 165.5 (+2.5% YoY)
- FY2024 import price index: 126.7 (-1.6% YoY)
- 2025 Q2 export prices: -5.9% QoQ, significant decrease
- 2025 Q2 import prices: -2.1% QoQ, continued decline
The article shows that domestic corporate price inflation is moderating, with export and import prices showing clear downward trends, and yen appreciation adding to the easing of price pressures.