Producer prices in Japan decreased 2.3 percent year-on-year in April 2020 after falling 0.4 percent in the previous month and compared to market expectations of a 1.6 percent decline. It was the sharpest drop since November of 2016 and was mainly explained by a 29.9 plunge in petroleum & coal prices, falling further from a revised 10.2 percent decrease in March. Chemicals (-5.1 percent vs -1.1 percent) and nonferrous metals (-9.1 percent vs -7.6 percent) also fell sharply. In contrast, prices for food & beverages increased by 0.6 percent after rising 0.9 percent in March. On a monthly basis, producer prices declined 1.5 percent, following a 0.9 percent drop in the prior month.
Producer Prices Change in Japan averaged 1.39 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 May of 2020. source: Bank of Japan
Producer Prices Change in Japan is expected to be 1.50 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 1.50 percent in 2021 and 1.80 percent in 2022, according to our econometric models.