Producer prices in Japan rose by 5.5% yoy in August 2021, compared with market consensus and July's nearly 13-year high figure of a 5.6% gain. This was the sixth straight month of producer price inflation, amid surging commodity prices. Cost increased further for beverages & foods (2.9% vs 2.5% in July), chemicals (12.2% vs 11.7%), petroleum & coal products (31.5% vs 38.7%), iron & steel (13.1% vs 12.2%), metal products (1.4% vs 1.1%), non-ferrous metals (28% vs 32.3%), production machinery (0.2% vs 0.2%), other manufacturing industry products (0.4% vs 0.3%) and electronic components (0.8% vs 0.9%). In contrast, prices fell further for transportation equipment (-0.3% vs -0.2%), electrical machinery & equipment (-0.5% vs -0.4%), general machinery (-0.3% vs -0.4%), and information (-2.2% vs -2.2%). On a monthly basis, producer prices were flat after gaining 1.1% in July. source: Bank of Japan
Producer Prices Change in Japan averaged 1.37 percent from 1961 until 2021, reaching an all time high of 33.80 percent in February of 1974 and a record low of -8.60 percent in August of 2009. This page provides - Japan Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Producer Prices Change in Japan is expected to be 5.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Producer Prices Change is projected to trend around 1.50 percent in 2022 and 1.80 percent in 2023, according to our econometric models.