The producer price index of Japan rose 0.9 percent year-on-year in December 2019 from a 0.1 percent increase in November, matching consensus. Prices went up further for beverage & foods (1.1 percent vs 1 percent in November), transportation equipment (1.6 percent vs 1.5 percent), and production machinery (3 percent vs 1.8 percent). Prices for petroleum products rebounded 0.9 percent after declining 8.3 percent. In addition, prices fell at a softer pace for chemicals (-2.8 percent vs -3.6 percent) and nonferrous metals (-2.3 percent vs -4.3 percent). Meanwhile, cost slowed for metal products (3.3 percent vs 3.7 percent), pulp & paper (5.3 percent vs 6.8 percent), ceramics (4 percent vs 4.3 percent), and textiles (2.4 percent vs 2.5 percent). On a monthly basis, producer prices rose 0.2 percent, easing from a 1.1 percent climb.
Producer Prices Change in Japan averaged 1.40 percent from 1961 until 2019, reaching an all time high of 33.90 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. source: Bank of Japan
Producer Prices Change in Japan is expected to be 1.20 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 1.50 in 12 months time. In the long-term, the Japan Producer Prices Change is projected to trend around 1.80 percent in 2020, according to our econometric models.