Japan: rise in producer prices slows in September, up 6.8 per cent year-on-year

-0.3 per cent month-on-month, in line with the fall in August

(Il Sole 24 Ore Radiocor) - In September, producer prices in Japan rose by 6.8 per cent year-on-year, marking a slowdown compared with August (+7.6 per cent) and the weakest growth since May. This is according to data released by the Bank of Japan. Prices showed a slowdown for transport equipment (2.3 per cent compared with 2.5 per cent in August), food and drink (4.2 per cent compared with 4.3 per cent), oil and coal (11.5 per cent compared with 14.7 per cent), manufacturing machinery (4.3 per cent compared with 4.5 per cent) and textiles (1.4 per cent compared with 2.2 per cent). At the same time, costs rose more sharply for chemicals (13.3 per cent compared with 13.0 per cent), iron and steel (3.2 per cent compared with 2.7 per cent), electrical machinery (5.1 per cent compared with 4.9 per cent), metal products (5.1 per cent compared with 3.8 per cent), electronic components (4.9 per cent compared with 4.4 per cent) and information and communications (15.3 per cent compared with 14.8 per cent). On a month-on-month basis, producer prices fell by 0.3 per cent in September, in line with the revised decline in August and marking a second consecutive monthly contraction.

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