--- source: Bank of Japan url: https://www.boj.or.jp/en/statistics/pi/cgpi_release/cgpi2602.pdf document_type: pdf date_retrieved: 2026-03-16 period: February 2026 parent_publication: "Monthly Report on the Corporate Goods Price Index (Preliminary Figures for February 2026)" indicators_covered: [Producer Price Inflation MoM, Producer Prices Change] --- # Monthly Report on the Corporate Goods Price Index (Preliminary Figures for February 2026) ## Release Header Bank of Japan Research and Statistics Department FOR RELEASE 8:50 A.M. Wednesday, March 11, 2026 ## Full Extracted Text ```text Bank of Japan Research and Statistics Department FOR RELEASE 8:50 A.M. Wednesday, March 11, 2026 Monthly Report on the Corporate Goods Price Index ( Preliminary Figures for February 2026 ) ❖ The Producer Price Index fell 0.1 percent from the previous month. ❖ The Export Price Index (contract currency basis) rose 1.5 percent from the previous month. ❖ The Import Price Index (contract currency basis) rose 0.9 percent from the previous month. CY2020 = 100, % Export Price Index Import Price Index Foreign excluding exchange Producer Price extra Yen Contract currency Yen Contract currency rate Index charges for summer basis basis basis basis $/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 2025/ Jan. 0.3 4.2 0.3 1.2 4.3 0.2 0.7 1.5 2.1 0.1 -2.6 1.8 Feb. 0.2 4.3 0.2 -1.3 1.5 0.4 1.0 -1.9 -1.2 0.3 -2.1 -2.9 Mar. 0.3 4.3 0.3 -1.1 -0.3 -0.1 0.3 -1.6 -2.5 -0.2 -2.0 -1.8 Apr. 0.3 3.9 0.3 -1.9 -4.3 0.0 -0.4 -2.9 -7.3 -0.6 -2.8 -3.2 May -0.1 3.1 -0.1 -0.9 -6.6 -1.1 -1.6 -1.0 -10.3 -1.2 -4.7 0.2 June -0.1 2.8 -0.1 0.1 -7.2 -0.1 -1.9 -1.5 -12.0 -1.3 -5.7 -0.1 July 0.2 2.5 0.1 1.8 -5.6 0.6 -1.1 2.0 -10.6 0.7 -5.3 1.5 Aug. -0.2 2.6 -0.2 0.4 0.0 0.1 -0.7 0.4 -4.3 0.0 -4.9 0.7 Sep. 0.5 2.8 0.5 0.5 2.4 0.3 0.2 0.3 -1.2 0.0 -3.6 0.2 Oct. 0.5 2.7 0.6 2.8 2.7 1.3 1.6 2.4 -1.6 0.7 -2.6 2.2 Nov. 0.3 2.7 0.3 r 1.8 r 2.5 0.2 1.3 r 1.6 r -1.6 -0.3 -2.6 2.6 Dec. 0.1 2.4 0.1 r 1.6 5.1 1.0 2.9 r 1.2 0.2 0.7 -1.3 0.5 2026/ Jan. 0.2 2.3 0.2 r 2.9 r 6.8 r 2.1 r 4.8 r 2.0 r 0.7 r 1.4 r 0.0 0.5 Feb. -0.1 2.0 -0.1 1.2 9.5 1.5 5.9 0.1 2.8 0.9 0.6 -1.1 Preliminary Figures Index 128.3 128.3 153.1 119.5 167.3 125.9 155.1 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. A negative change in the "Foreign exchange rate" indicates an appreciation of the yen. 3. r: revised figures ）） （CY2020 = 100） （CY2020 = 100） （CY2020 = 100） 130 160 220 Producer Price Index Export Price Index Import Price Index 155 (yen basis) 210 (yen basis) 125 150 Import Price Index Producer Price Index Export Price Index 200 using Chain-weighted (contract currency basis) (contract currency basis) Index Formula 145 190 120 140 180 135 115 170 130 160 110 125 150 120 105 140 115 130 110 100 105 120 100 110 95 95 100 90 90 90 CY18 19 20 21 22 23 24 25 26 CY18 19 20 21 22 23 24 25 26 CY18 19 20 21 22 23 24 25 26 1 (Commodities contributing to the monthly changes in February 2026) Producer Price Index Monthly change -0.1% Contribution Groups Commodities to change Electric power, gas and water -0.36 % Electricity, Gas supply, Water for end users except industrial users Petroleum and coal products 0.18 % Gasoline, Gas oil, Fuel oil A Steelworks, Metal pipe and tube fittings, Metal sashes and doors (except Metal products 0.05 % aluminum window sash) Robots, Semiconductor manufacturing equipment (except flat panel and Production machinery 0.02 % display manufacturing equipment), Grinding machines Beverages and foods 0.02 % Biscuits, cookies, etc., Miso, fermented soybean paste, Pet food Scrap and waste 0.01 % Scrap iron, Copper and aluminum scrap Pulp, paper and related products 0.01 % Corrugated medium, Coated printing paper, Linerboard Chemicals and related products 0.01 % Benzene, Styrene monomer, Vinyl chloride monomer Export Price Index (contract currency basis) Monthly change 1.5% Contribution Groups Commodities to change MOS memory integrated circuits, Personal computers, external storages and Electric and electronic products 1.01 % computer printers, Process control instruments Metals and related products 0.43 % Unwrought gold, Copper, Rolled, hammered and stamped precious metals Chemicals and related products 0.10 % Para-xylene, Synthetic rubber, Styrene monomer Other primary products and manufactured goods 0.08 % Gas oil, Heavy oil B and C, Plastic films and sheets General purpose, production and business oriented Precision measuring instruments, Metal valves, Flat panel and display 0.02 % machinery manufacturing equipment Transportation equipment -0.06 % Passenger motor cars, Buses, Internal combustion engines for motor vehicles Import Price Index (contract currency basis) Monthly change 0.9% Contribution Groups Commodities to change Metals and related products 0.48 % Copper ores, Unwrought silver, Iron ores Petroleum, coal and natural gas 0.18 % Coal for coke making, Liquefied petroleum gas, Coal for general use Electric and electronic products 0.08 % MOS memory integrated circuits, Personal computers, External storages Beverages and foods and agriculture products for food 0.06 % Wheat, Chicken, Edible offal and tongues of cattle General purpose, production and business oriented 0.02 % Analytical instruments, Metal valves machinery Transportation equipment 0.01 % Motor vehicle parts, Aircraft parts (except engines) 2 Producer Price Index ( Preliminary Figures for February 2026 ) CY2020 = 100, % Monthly Yearly Index Previous Previous Previous Weight change change month month month All commodities 1,000.0 128.3 128.4 -0.1 0.2 2.0 2.3 excluding extra charges for summer electricity 1,000.0 128.3 128.4 -0.1 0.2 2.0 2.3 Beverages and foods 144.6 126.8 r 126.7 0.1 r 0.5 4.6 r 5.1 Textile products 9.4 116.3 r 117.4 -0.9 r -1.3 -0.2 r 0.7 Lumber and wood products 9.6 137.7 r 137.3 0.3 r 0.0 3.5 r 4.0 Pulp, paper and related products 28.8 129.7 r 129.2 0.4 r 0.2 3.6 r 3.1 Chemicals and related products 86.1 114.3 r 114.2 0.1 r 0.8 -2.5 r -2.8 Petroleum and coal products 52.8 145.8 141.4 3.1 -2.5 -11.7 -12.9 Plastic products 41.0 116.4 r 116.6 -0.2 -0.3 -0.2 0.3 Ceramic, stone and clay products 23.4 141.4 r 141.1 0.2 r 0.3 6.2 r 6.0 Iron and steel 50.6 141.5 141.4 0.1 0.1 -5.4 -5.5 Nonferrous metals 26.7 236.7 236.4 0.1 10.6 32.5 33.0 Metal products 43.7 133.4 r 131.8 1.2 r -0.3 0.9 r -0.2 General purpose machinery 33.3 118.2 r 118.0 0.2 r 0.1 2.8 r 3.2 Production machinery 45.8 118.0 117.4 0.5 r -0.6 2.4 3.3 Business oriented machinery 14.9 111.7 r 111.5 0.2 r -0.1 2.6 r 2.2 Electronic components and devices 19.3 110.0 r 110.1 -0.1 r -0.1 1.9 r 1.9 Electrical machinery and equipment 50.0 117.7 r 117.4 0.3 r 0.1 2.6 r 2.4 Information and communications equipment 18.2 114.3 114.6 -0.3 r 0.2 2.4 3.6 Transportation equipment 150.9 111.5 111.5 0.0 r 0.1 1.0 1.2 Other manufacturing industry products 43.2 122.4 r 122.3 0.1 r 0.2 2.3 r 2.3 Agriculture, forestry and fishery products 40.3 174.4 r 174.6 -0.1 r -2.9 18.5 r 21.9 Minerals 3.7 139.5 r 139.8 -0.2 r 0.1 -1.1 r -0.1 Electric power, gas and water 58.4 123.1 131.0 -6.0 -0.5 -6.7 -4.3 Scrap and waste 5.3 185.2 r 182.1 1.7 r 1.9 12.3 r 10.2 3 Export Price Index ( Preliminary Figures for February 2026 ) CY2020 = 100, % Index Monthly change Yearly change Contract Contract Yen Previous Yen Previous Yen Previous Weight currency currency basis month basis month basis month basis basis All commodities 1,000.0 153.1 r 151.3 1.2 r 2.9 1.5 9.5 r 6.8 5.9 Textiles 9.2 145.0 145.2 -0.1 0.5 0.5 3.7 2.0 0.3 Chemicals and related products 117.5 149.6 r 149.3 0.2 r 1.4 0.9 -0.6 r -2.7 -2.8 Metals and related products 103.5 228.0 r 223.0 2.2 r 6.3 3.0 27.9 r 24.1 24.5 General purpose, production and 196.5 131.7 r 132.1 -0.3 0.7 0.2 4.9 r 3.5 2.5 business oriented machinery Electric and electronic products 210.2 158.6 r 151.4 4.8 r 8.3 4.8 25.4 r 17.8 19.6 Transportation equipment 269.9 138.3 r 139.2 -0.6 r 0.3 -0.3 1.4 0.9 -2.4 Other primary products and 93.2 150.5 r 150.1 0.3 r -1.4 0.8 -1.6 r -3.1 -3.2 manufactured goods Import Price Index ( Preliminary Figures for February 2026 ) CY2020 = 100, % Index Monthly change Yearly change Contract Contract Yen Previous Yen Previous Yen Previous Weight currency currency basis month basis month basis month basis basis All commodities 1,000.0 167.3 r 167.2 0.1 r 2.0 0.9 2.8 r 0.7 0.6 Beverages and foods and 85.1 178.8 r 179.0 -0.1 r 1.0 0.7 4.1 r 3.6 1.5 agriculture products for food Textiles 58.6 132.3 r 133.0 -0.5 r 0.7 0.0 2.2 r 0.9 1.3 Metals and related products 101.6 230.0 r 223.5 2.9 r 8.6 3.7 33.9 r 27.6 29.7 Lumber and wood products and 16.6 167.1 r 169.2 -1.2 0.2 -0.3 7.5 r 5.6 2.3 forest products Petroleum, coal and natural gas 213.6 209.9 r 210.5 -0.3 r -1.7 0.8 -13.1 r -14.2 -14.6 Chemicals and related products 108.4 112.0 r 112.4 -0.4 r -0.5 0.1 -2.2 r -3.0 -4.1 General purpose, production and 75.9 151.6 r 152.1 -0.3 r 1.6 0.2 7.9 r 6.9 5.2 business oriented machinery Electric and electronic products 206.7 144.4 r 144.8 -0.3 r 6.1 0.5 11.4 r 7.6 8.3 Transportation equipment 51.2 148.4 r 148.8 -0.3 r 1.0 0.2 5.9 r 4.5 2.9 Other primary products and 82.3 149.7 150.6 -0.6 0.7 0.1 3.2 1.6 0.4 manufactured goods 4 Producer Price Index using Chain-weighted Index Formula ( Preliminary Figures for February 2026 ) CY2020 = 100, % Monthly Yearly Index Previous Previous Weight change change month month All commodities 1,000.0 126.1 -0.1 r 0.1 1.4 r 1.6 excluding extra charges for summer electricity 1,000.0 126.1 -0.1 r 0.1 1.4 r 1.6 Beverages and foods 137.2 126.0 0.2 r 0.6 4.2 r 4.6 Textile products 8.8 115.5 -0.9 r -1.4 -0.3 r 0.6 Lumber and wood products 10.7 144.1 0.3 r 0.1 3.4 r 4.0 Pulp, paper and related products 26.2 129.5 0.4 0.1 3.6 r 3.1 Chemicals and related products 85.6 112.5 0.1 r 0.6 -1.4 r -1.7 Petroleum and coal products 58.9 144.5 3.1 r -2.6 -11.6 -12.8 Plastic products 38.3 116.4 -0.2 r -0.4 -0.3 0.3 Ceramic, stone and clay products 23.3 139.7 0.2 r 0.2 6.0 r 5.8 Iron and steel 61.0 140.8 0.1 0.1 -5.4 -5.5 Nonferrous metals 29.0 224.5 0.3 8.7 28.2 r 28.3 Metal products 42.1 131.9 1.0 r -0.5 0.8 r -0.2 General purpose machinery 30.9 117.8 0.2 r 0.0 2.9 r 3.3 Production machinery 44.9 117.2 0.4 r -0.3 2.4 3.4 Business oriented machinery 13.8 111.5 0.3 r 0.1 3.0 r 2.7 Electronic components and devices 19.1 109.0 -0.1 r -0.1 1.8 r 2.0 Electrical machinery and equipment 49.5 115.3 0.2 r 0.2 2.2 r 2.0 Information and communications equipment 15.8 112.3 0.0 -0.4 1.4 r 2.3 Transportation equipment 148.7 110.7 0.0 r 0.1 0.8 1.0 Other manufacturing industry products 40.9 120.8 0.1 0.1 1.9 1.9 Agriculture, forestry and fishery products 36.8 165.6 0.2 r -3.4 14.5 r 17.7 Minerals 3.8 140.5 -0.2 r 0.1 -1.5 r -0.4 Electric power, gas and water 67.3 122.7 -6.2 -0.5 -6.8 -4.2 Scrap and waste 7.4 178.4 1.7 r 1.3 11.8 r 9.8 Note: The indexes are based on the year 2023 weights. 5 Corporate Goods Price Index Time Series Data CY2020 = 100, % Producer Price Index Export Price Index (Reference) All commodities All commodities All commodities excluding extra (yen basis) (contract currency basis) charges for summer electricity Change Change Change Monthly Change Monthly Monthly Yearly from three Monthly Yearly from three Yearly from three (Quarterly) (Quarterly) (Quarterly) change months (Quarterly) from three change months change months change change change earlier months earlier earlier change earlier CY 2023 119.9 ― 4.4 ― ― ― 130.9 ― 4.0 ― 110.5 ― -0.2 ― 2024 122.8 ― 2.4 ― ― ― 140.1 ― 7.0 ― 112.6 ― 1.9 ― 2025 126.7 ― 3.2 ― ― ― 139.3 ― -0.6 ― 112.8 ― 0.2 ― FY 2022 117.2 ― 9.5 ― ― ― 128.3 ― 15.1 ― 110.9 ― 3.2 ― 2023 120.1 ― 2.5 ― ― ― 133.9 ― 4.4 ― 111.0 ― 0.1 ― 2024 124.1 ― 3.3 ― ― ― 140.7 ― 5.1 ― 112.8 ― 1.6 ― 2025/ Q1 125.8 1.0 4.2 ― 1.0 ― 139.9 0.0 1.8 ― 112.6 0.3 0.6 ― Q2 126.5 0.6 3.3 ― 0.6 ― 135.0 -3.5 -6.0 ― 111.9 -0.6 -1.2 ― Q3 126.7 0.2 2.6 ― 0.0 ― 137.7 2.0 -1.1 ― 112.3 0.4 -0.5 ― Q4 127.9 0.9 2.6 ― 1.1 ― 144.7 5.1 3.4 ― 114.5 2.0 2.0 ― 2025/ Jan. 125.5 0.3 4.2 1.0 0.3 1.0 141.7 1.2 4.3 2.3 112.3 0.2 0.7 0.1 Feb. 125.8 0.2 4.3 1.0 0.2 1.0 139.8 -1.3 1.5 -1.0 112.8 0.4 1.0 0.1 Mar. 126.2 0.3 4.3 0.9 0.3 0.9 138.3 -1.1 -0.3 -1.2 112.7 -0.1 0.3 0.5 Apr. 126.6 0.3 3.9 0.9 0.3 0.9 135.7 -1.9 -4.3 -4.2 112.7 0.0 -0.4 0.4 May 126.5 -0.1 3.1 0.6 -0.1 0.6 134.5 -0.9 -6.6 -3.8 111.5 -1.1 -1.6 -1.2 June 126.4 -0.1 2.8 0.2 -0.1 0.2 134.7 0.1 -7.2 -2.6 111.4 -0.1 -1.9 -1.2 July 126.7 0.2 2.5 0.1 0.1 -0.1 137.1 1.8 -5.6 1.0 112.1 0.6 -1.1 -0.5 Aug. 126.4 -0.2 2.6 -0.1 -0.2 -0.2 137.6 0.4 0.0 2.3 112.2 0.1 -0.7 0.6 Sep. 127.0 0.5 2.8 0.5 0.5 0.3 138.3 0.5 2.4 2.7 112.5 0.3 0.2 1.0 Oct. 127.6 0.5 2.7 0.7 0.6 0.9 142.2 2.8 2.7 3.7 114.0 1.3 1.6 1.7 Nov. 128.0 0.3 2.7 1.3 0.3 1.4 144.8 1.8 2.5 5.2 114.2 0.2 1.3 1.8 Dec. 128.1 0.1 2.4 0.9 0.1 1.0 147.1 1.6 5.1 6.4 115.3 1.0 2.9 2.5 2026/ Jan. 128.4 0.2 2.3 0.6 0.2 0.6 151.3 2.9 6.8 6.4 117.7 2.1 4.8 3.2 Feb. 128.3 -0.1 2.0 0.2 -0.1 0.2 153.1 1.2 9.5 5.7 119.5 1.5 5.9 4.6 CY2020 = 100, % Import Price Index Foreign exchange All commodities All commodities rate (yen basis) (contract currency basis) $/yen Change Change Monthly Monthly Monthly Yearly from three Yearly from three (Quarterly) (Quarterly) (Quarterly) change months change months (Yearly) change change earlier earlier change CY 2023 161.2 ― -4.7 ― 131.4 ― -8.8 ― 6.9 2024 165.5 ― 2.7 ― 127.3 ― -3.1 ― 7.8 2025 158.4 ― -4.3 ― 123.0 ― -3.4 ― -1.2 FY 2022 174.0 ― 33.2 ― 145.2 ― 15.8 ― 20.5 2023 161.5 ― -7.2 ― 128.7 ― -11.4 ― 6.8 2024 165.3 ― 2.4 ― 126.6 ― -1.6 ― 5.5 2025/ Q1 163.0 -0.3 -0.5 ― 125.0 -0.2 -2.2 ― 0.1 Q2 153.7 -5.7 -9.9 ― 122.6 -1.9 -4.4 ― -5.2 Q3 155.2 1.0 -5.5 ― 121.8 -0.7 -4.6 ― 2.0 Q4 161.8 4.3 -1.0 ― 122.6 0.7 -2.2 ― 4.5 2025/ Jan. 166.0 1.5 2.1 2.4 124.8 0.1 -2.6 -0.9 1.8 Feb. 162.8 -1.9 -1.2 -1.2 125.2 0.3 -2.1 -0.2 -2.9 Mar. 160.2 -1.6 -2.5 -2.1 124.9 -0.2 -2.0 0.2 -1.8 Apr. 155.5 -2.9 -7.3 -6.3 124.1 -0.6 -2.8 -0.6 -3.2 May 153.9 -1.0 -10.3 -5.5 122.6 -1.2 -4.7 -2.1 0.2 June 151.6 -1.5 -12.0 -5.4 121.0 -1.3 -5.7 -3.1 -0.1 July 154.7 2.0 -10.6 -0.5 121.8 0.7 -5.3 -1.9 1.5 Aug. 155.3 0.4 -4.3 0.9 121.8 0.0 -4.9 -0.7 0.7 Sep. 155.7 0.3 -1.2 2.7 121.8 0.0 -3.6 0.7 0.2 Oct. 159.5 2.4 -1.6 3.1 122.6 0.7 -2.6 0.7 2.2 Nov. 162.0 1.6 -1.6 4.3 122.2 -0.3 -2.6 0.3 2.6 Dec. 164.0 1.2 0.2 5.3 123.1 0.7 -1.3 1.1 0.5 2026/ Jan. 167.2 2.0 0.7 4.8 124.8 1.4 0.0 1.8 0.5 Feb. 167.3 0.1 2.8 3.3 125.9 0.9 0.6 3.0 -1.1 The next monthly report will be released on Friday, April 10, 2026. 6 ```