Producer prices in Japan rose by 6.3% yoy in August 2021, beating market consensus of 5.9% and after an upwardly revised 5.8% growth a month earlier. This was the 7th straight month of producer price inflation and the highest reading since September 2008, amid surging commodity prices. Cost increased for beverages & foods (2.9% vs 3% in July), chemicals (12.7% vs 12.5%), petroleum & coal products (32.4% vs 31.3%), iron & steel (17.8% vs 16.4%), metal products (2.5% vs 1.5%), non-ferrous metals (27% vs 28%), production machinery (0.4% vs 0.4%), other manufacturing industry (0.7% vs 0.7%) and electronic components (1.6% vs 1%). At the same time, there was a rebound in both cost of electrical machinery (0.3% vs flat reading) and general machinery (0.6% vs -0.4%). In contrast, prices fell further for both transportation equipment (-0.2% vs -0.3%) and information (-1.4% vs -1.7%). On a monthly basis, producer prices went up 0.3%, after an upwardly revised 0.1% gain in July. source: Bank of Japan
Producer Prices Change in Japan averaged 1.38 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 October of 2021.
Producer Prices Change in Japan is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.