Japan Producer Prices Rise the Least in 20 Months

2026-02-11 23:57 By Farida Husna 1 min. read

Japan’s producer prices rose 2.3% year-on-year in January 2026, slightly easing from a 2.4% increase in the previous month and matching market expectations.

This marked the slowest annual rise since May 2024.

Cost moderated for: drinks and foods (4.7% vs 4.8% in December), other manufacturing (2.2% vs 2.3%), production machinery (3.3% vs 3.9%), plastics (0.3% vs 0.5%), electrical machinery (2.5% vs 2.7%), and metal products (0.2% vs 0.3%).

In addition, prices remained weak for chemicals (-3.2% vs -3.0%), iron and steel (-5.5% vs -6.7%), and petroleum and coal products (-12.9% vs -8.3%).

By contrast, inflation held steady for transport equipment (at 1.2%), while accelerating for general-purpose machinery (3.3% vs 2.7%), non-ferrous metals (33.0% vs 22.0%), information and communications (3.6% vs 3.2%), and business-oriented machinery (3.0% vs 2.4%).

On a monthly basis, producer inflation edged up to 0.2% from the softest pace in four months of 0.1% in December, in line with forecasts.



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Japan Producer Prices Rise the Least in 20 Months
Japan’s producer prices rose 2.3% year-on-year in January 2026, slightly easing from a 2.4% increase in the previous month and matching market expectations. This marked the slowest annual rise since May 2024. Cost moderated for: drinks and foods (4.7% vs 4.8% in December), other manufacturing (2.2% vs 2.3%), production machinery (3.3% vs 3.9%), plastics (0.3% vs 0.5%), electrical machinery (2.5% vs 2.7%), and metal products (0.2% vs 0.3%). In addition, prices remained weak for chemicals (-3.2% vs -3.0%), iron and steel (-5.5% vs -6.7%), and petroleum and coal products (-12.9% vs -8.3%). By contrast, inflation held steady for transport equipment (at 1.2%), while accelerating for general-purpose machinery (3.3% vs 2.7%), non-ferrous metals (33.0% vs 22.0%), information and communications (3.6% vs 3.2%), and business-oriented machinery (3.0% vs 2.4%). On a monthly basis, producer inflation edged up to 0.2% from the softest pace in four months of 0.1% in December, in line with forecasts.
2026-02-11
Japan Producer Prices Rise the Least in 19 Months
Japan’s producer prices rose 2.4% year-on-year in December 2025, easing from a 2.7% increase in the previous month and in line with market expectations. This marked the slowest annual rise since May 2024. Cost moderated for: transport equipment (1.4% vs 1.5% in November), drinks and foods (5.0% vs 5.1%), general-purpose machinery (2.8% vs 3.0%), other manufacturing (2.3% vs 2.4%), production machinery (3.5% vs 4.0%), and plastics (0.4% vs 0.5%). In addition, prices remained weak for chemicals (-3.2% vs -3.5%), iron and steel (-6.7% vs -6.9%), and petroleum and coal products (-8.6% vs -2.5%). In contrast, inflation accelerated for non-ferrous metals (22.1% vs 14.9%), electrical machinery (2.5% vs 2.4%), metal products (0.3% vs 0.1%), information and communications (1.8% vs 1.6%), and business-oriented machinery (2.4% vs 0.9%).On a monthly basis, producer inflation slowed to 0.1% from 0.3% in November, matching forecasts and registering the softest pace in four months.
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Japan Producer Inflation Holds Steady at 2.7%
Japan’s producer prices rose 2.7% year-on-year in November 2025, unchanged from October and in line with market expectations. Cost continued to increase for most components: transport equipment (1.6% vs 1.5% in October), beverages and foods (4.9% vs 4.9% 5.0%), general-purpose machinery (2.7% vs 2.5%), other manufacturing (2.3% vs 2.6%), non-ferrous metals (14.9% vs 11.9%), electrical machinery (2.3% vs 1.7%), production machinery (3.6% vs 2.5%), metal products (0.1% vs 0.7%), plastics (0.3% vs 1.2%), information and communications (1.5% vs 0.3%), and business-oriented machinery (0.7% vs 0.8%). On the other hand, prices fell further for chemicals (-3.6% vs -3.8%), iron and steel (-6.8% vs -7.1%), and petroleum and coal products (-2.6% vs -0.8%). On a monthly basis, producer inflation increased 0.3%, also matching forecasts but easing from an upwardly revised 0.5% rise in the previous month.
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