Producer prices in Japan decreased 2.1 percent year-on-year in October of 2020 after declining 0.8 percent in September, matching market expectations. It was the sharpest decline in five months, as prices fell further for petroleum & coal products (-16.2 percent vs -13.9 percent in September), chemicals (-5.6 percent vs -5.5 percent), iron & steel (-2.8 percent vs -1.1 percent), and lumber & wood products (-2.2 percent vs -1.1 percent). In addition, deflation was recorded in metal products (-0.2 percent vs 1.7 percent), electrical machinery & equipment (-0.3 percent vs 1.4 percent), information & communications equipment (-0.2 percent vs 2.0 percent), and production machinery (-1.8 percent vs 1.1 percent). On a monthly basis, producer prices dropped 0.2 percent for the second month and also matched consensus. source: Bank of Japan
Producer Prices Change in Japan averaged 1.36 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 November of 2020.
Producer Prices Change in Japan is expected to be 0.50 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 1.10 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.