Producer prices in Japan rose by 1 percent year-on-year in March 2021, after a downwardly revised 0.6 percent fall a month earlier and beating market consensus of a 0.5 percent growth. This was the first producer inflation since February 2020, mainly boosted by beverages & foods (1.1% vs 1% in February), chemicals & related products (0.9% vs -1.7%), petroleum & coal products (9.8% vs -6%),iron & steel (2.2% vs 1.3%), non-ferrous metals (28.7% vs 17.9%), and other manufacturing industry products (0.4% vs 0.7%). In contrast, there were falls in cost of transportation equipment (-0.4% vs -0.5%), electrical machinery & equipment (-0.4% vs 0.1%), production machinery (-1.2% vs -1.7%), metal products (-0.3% vs 0.2%), general purpose machinery (-0.2% vs flat reading), electronic components & devices (-0.2% vs -0.6%), and information & communications (-1.9% vs -1.2%). On a monthly basis, producer prices went up 0.8 percent, after an upwardly revised 0.6 percent gain in February.. source: Bank of Japan
Producer Prices Change in Japan averaged 1.35 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 May of 2021.
Producer Prices Change in Japan is expected to be 0.80 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 0.70 in 12 months time. 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.