Japan Producer Prices Change

Japan’s producer prices rose 2.7% year-on-year in November 2025, unchanged from October and in line with market expectations. Cost continued to increase for most components: transport equipment (1.6% vs 1.5% in October), beverages and foods (4.9% vs 4.9% 5.0%), general-purpose machinery (2.7% vs 2.5%), other manufacturing (2.3% vs 2.6%), non-ferrous metals (14.9% vs 11.9%), electrical machinery (2.3% vs 1.7%), production machinery (3.6% vs 2.5%), metal products (0.1% vs 0.7%), plastics (0.3% vs 1.2%), information and communications (1.5% vs 0.3%), and business-oriented machinery (0.7% vs 0.8%). On the other hand, prices fell further for chemicals (-3.6% vs -3.8%), iron and steel (-6.8% vs -7.1%), and petroleum and coal products (-2.6% vs -0.8%). On a monthly basis, producer inflation increased 0.3%, also matching forecasts but easing from an upwardly revised 0.5% rise in the previous month.