Producer prices in Japan increased by 5.8% from a year earlier in April 2023, easing from an upwardly revised 7.4% rise in March. It was the lowest producer inflation since August 2021 and the fourth month of a slowdown in producer prices amid signs that the impact of past spikes in raw material costs has faded. Cost declined further for both lumber & wood (-17.9% vs -14.7% in March) and petroleum (-6.6% vs -3.3%). In contrast, prices slowed for beverages & foods (7.0% vs 7.6%), chemicals (1.9% vs 3.7%), non-ferrous metals (-2.7% vs 2.0%), transport equipment (3.8% vs 4.5%), iron & steel (10.9% vs 17.4%), and plastics (7.2% vs 8.0%). Meanwhile, inflation accelerated for both machinery (5.1% vs 3.9%) and business-oriented machinery (2.4% vs 1.8%). On a monthly basis, producer prices grew by 0.2% after an upwardly revised 0.1% gain in March. source: Bank of Japan
Producer Prices Change in Japan averaged 1.57 percent from 1961 until 2023, reaching an all time high of 33.90 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 June of 2023.
Producer Prices Change in Japan is expected to be 5.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.