Producer prices in Japan went down 0.5 percent year-on-year in August 2020 after decreasing 0.9 percent in July, matching market expectations. Prices fell at a slower pace for petroleum & coal (-14.1 percent vs -19.4 percent in July), but chemicals cost continued to decline (-5.3 percent vs -5 percent). Meanwhile, inflation accelerated for nonferrous metals (6.5 percent vs 2.7 percent), general-purpose machinery (2.7 percent vs 2 percent), electronic components and devices (1.9 percent vs 1.5 percent), information & telecommunications equipment (1.6 percent vs 1.3 percent), and transportation equipment (1.8 percent vs 1.7 percent). Inflation for food & beverages stood unchanged at 0.6 percent. On a monthly basis, producer prices climbed 0.2 percent after rising by 0.6 percent for two straight months, also matching consensus.
Producer Prices Change in Japan averaged 1.37 percent from 1961 until 2020, 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 September of 2020. source: Bank of Japan
Producer Prices Change in Japan is expected to be -3.20 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 0.80 in 12 months time. In the long-term, the Japan Producer Prices Change is projected to trend around 1.50 percent in 2021 and 1.80 percent in 2022, according to our econometric models.