Producer prices in Japan increased by 3.8% yoy in December 2024, keeping the same pace as in the previous month and aligning with market consensus. It was the 46th straight month of producer inflation, remaining at its highest level since June 2023, as cost continued to grow for transport equipment (1.7% vs 1.6% in November), beverages & foods (1.9% vs 2.1%), iron & steel (-0.1% vs -0.1%), electrical machinery (4.7% vs 4.1%), production machinery (1.8% vs 1.4%), general-purpose machinery (4.3% vs 4.3%), metal products (3.8% vs 4.0%), other manufacturing (3.6% vs 3.8%), plastics (3.6% vs 3.3%), non-ferrous metals (12.6% vs 13.5%), information (2.2% vs 2.7%), and business-oriented machinery (2.2% vs 2.7%). By contrast, prices fell for chemical products (-0.2% vs -0.5%), petroleum & coal (-0.7% vs 1.7%), and lumber and wood products (-2.6% vs -3.1%). Monthly, producer prices rose by 0.3%, holding steady for the second straight month while falling short of estimates of 0.4%(Cay) Newsmaker23

Source: Trading economi