Producer prices in Japan rose by 5.6% yoy in July 2021, beating market consensus and June's figure of a 5% gain. This was the fifth straight month of producer price inflation and the highest reading since September 2008, amid surging commodity prices. Cost increased further for beverages & foods (2% vs 1.8% in June), chemicals (10.9% vs 10.1%), petroleum & coal products (38.8% vs 42%), iron & steel (11.8% vs 9.6%), metal products (1% vs 0.2%), non-ferrous metals (32.3% vs 37.6%), production machinery (0.7% vs 0.2%), other manufacturing industry products (0.3% vs 0.3%) and electronic components (0.6% vs 0.3%). In addition, prices of transportation equipment was flat after falling 0.1% in June. At the same time, there were falls in cost of electrical machinery & equipment (-0.2% vs -0.7%), general machinery (-0.4% vs flat reading), and information (-1.6% vs -2.1%). On a monthly basis, producer prices went up 1.1%, after a 0.6% rise in June. source: Bank of Japan
Producer Prices in Japan averaged 88.77 points from 1960 until 2021, reaching an all time high of 112.50 points in September of 1980 and a record low of 47.40 points in June of 1962. This page provides - Japan Producer Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Domestic Corporate Goods Price Index - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Producer Prices in Japan is expected to be 105.51 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Domestic Corporate Goods Price Index is projected to trend around 108.42 points in 2022 and 110.37 points in 2023, according to our econometric models.