Japan's producer prices rise 3% in July - Breaking The News
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Japan's producer prices rise 3% in July

Economy
Christian Baha / KA

1 min read

EPA-EFE/DAI KUROKAWA

Japan's producer price index (PPI) rose by 3% in July compared to the same time period last year, slightly lower than expected, the Bank of Japan revealed in a preliminary report on Tuesday.

Meanwhile, on a monthly basis, the PPI increased by 0.3% compared to last month's figure of 0.2%.

The report also shows a 3% growth in Japan's export price index on a contractual currency basis over the year, with no change observed on a monthly basis. Import prices recorded a year-on-year increase of 1.6% while increasing by 0.4% month-on-month.

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