Japan's corporate goods price index, which measures costs of goods traded between businesses, went up 0.2 percent year on year, the Bank of Japan said Tuesday.

According to preliminary figures from the central bank, the producer price index stood at 120.1 against the 2020 base of 100, unchanged from that of last December.

The yearly growth stood below 1 percent for the third straight month, the central bank said.

The biggest contributor to the increases in corporate prices for the month was the price of ceramic, stone and clay products, which rose 10.9 percent from a year earlier, while that of pulp and paper as well as petroleum and coal products rose 7.1 percent and 6.6 percent, respectively.

The corporate goods price index, one of the country's important inflation gauges, measures prices that companies charge each other for goods and services.

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