Producer prices in Japan rose by 5% yoy in June 2021, after an upwardly revised 5.1% gain a month earlier, above market consensus of 4.7%. This was the fourth straight month of producer price inflation, amid surging commodity prices. There were rises in cost of beverages & foods (1.9% vs 2.2% in May), chemicals (9.7% vs 9%), petroleum & coal products (42% vs 53.5%), iron & steel (9.3% vs 7%), metal products (0.2% vs 0.3%), non-ferrous metals (37.6% vs 41.6%), production machinery (0.8% vs -0.3%), and other manufacturing industry products (0.3% vs 0.1%). Meantime, prices of electronic components were flat for the second month in a row. In contrast, cost fell for transportation equipment (-0.1% vs -0.1%), electrical machinery & equipment (-0.6% vs -0.8%), general machinery (-0.1% vs -1%), and information (-2% vs -2.2%). On a monthly basis, producer prices went up 0.6%, after an upwardly revised 0.8% rise in May. source: Bank of Japan
Producer Prices Change in Japan averaged 1.36 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 August of 2021.
Producer Prices Change in Japan is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Japan to stand at 1.20 in 12 months time. 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.