Producer prices in Japan fell 1.6 percent year-on-year in January of 2021 after declining 2 percent December and matching market expectations. It was the eleventh straight decline in producer prices, mainly explained by petroleum & coal products (-14.7 percent vs -16.3 percent in December), chemicals (-3.4 percent vs -4.3 percent), iron & steel (-0.7 percent vs -2.0 percent), and lumber & wood products (-0.5 percent vs -1.3 percent). On the flip side, prices in the food & beverages division increased by 1.5 percent after a 0.9 percent expansion in December. On a monthly basis, producer prices increased 0.4 percent after a 0.5 percent advance in the previous month, also matching consensus. source: Bank of Japan
Producer Prices Change in Japan averaged 1.35 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 March 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 1.10 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.