Producer Prices in Japan

Japan Producer Prices | Economic News & Forecasts

Japan - Producer Prices

Core inflation falls to seven-month low in December

The core consumer price index fell 0.1% in month-on-month seasonally-adjusted terms in December, contrasting November’s flat reading.

Core inflation fell from November’s 0.9% to 0.7% in December, the lowest reading in seven months. The decline mostly reflected December’s drop in oil prices and undershot the 0.8% that market analysts had expected. Therefore, inflation remained well below the Bank of Japan’s inflation target of 2.0%. Overall inflation declined from November’s 0.8% to an over two-year low of 0.3% in December.

Core inflation in the Ku-area of Tokyo inched down from November’s 1.0% to 0.9% in December. Data for January will be released on 25 January.

Japan Inflation Forecast

The median inflation forecast among BoJ members is 1.9% for FY 2019 and 2.0% for FY 2020, including the effects of the consumption tax hike. Met the why particular Consensus Forecast panelists expect inflation of 1.2% in calendar year 2019, which is unchanged from last month’s estimate. In 2020, the panel sees inflation at 1.6%.

Japan - Producer Prices Data

2013  2014  2015  2016  2017  
Inflation (PPI, annual variation in %)1.2  3.2  -2.3  -3.5  2.3  

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Japan Facts

Bond Yield0.01-4.41 %Jan 21
Exchange Rate119.7-0.35 %Jan 21
Stock Market20,7190.11 %Jan 21

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