Tokyo, November 12 (QNA) - Producer prices in Japan rose by 7.1% year-on-year in October 2026, exceeding market expectations of 6.5% and accelerating from the 6.8% increase recorded in September.
The rise was driven by a 15.9% increase in the prices of petroleum and coal products, a 15.5% rise in chemical products, a 6.3% gain in iron and steel, and a 4.8% increase in the prices of food and beverages.
On a monthly basis, producer prices climbed by 0.7% in October, surpassing market forecasts of 0.3%, following a 0.2% decline in September, marking the strongest monthly increase in five months. (QNA)