Japan’s producer prices rise by 8.5% in December
Japan’s producer price index, which measures the cost of goods at the factory gate, increased by 8.5% in December on a yearly basis, according to a preliminary report released by the Bank of Japan on Friday.
The figure marked a 0.5 percentage point increase compared to the yearly change seen in November. On the monthly basis, the PPI fell by 0.2%, going under market expectations.
The data also showed the nation’s export price index decreasing by 0.8% on a yan basis from November to December, despite marking an annual increase of 13.5%, as the import prices on the basis of yen went 0.4% down from last month’s figure and surged by a whopping 41.9% compared to December 2020.
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