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Japan Producer Price Index (PPI)

Japan's Producer Price Index (PPI) remained unchanged at 2.7% in September 2025, matching the August 2025 figure. The prior month's PPI benefited from summertime fuel subsidies, increased rice supply and a stronger yen's cost-saving impact. Elevated demand for non-ferrous metals also supported stable producer prices. Japan's record low PPI was -8.6% in August 2009 and record high was 33.9% in February 1974.

Monthly Historical Data (1961-2025)

(in %)
Month Producer Price Index (PPI)
Sep 2025 2.7%
Aug 2025 2.7%
Jul 2025 2.5%
Jun 2025 2.9%
May 2025 3.2%
Apr 2025 4.1%
Mar 2025 4.3%
Feb 2025 4.3%
Jan 2025 4.2%
Dec 2024 4%
Nov 2024 3.8%
Oct 2024 3.7%
Sep 2024 3.1%
Aug 2024 2.6%
Jul 2024 3.1%
Jun 2024 2.6%
May 2024 2.3%
Apr 2024 0.9%
Mar 2024 0.9%
Feb 2024 0.7%
Jan 2024 0.3%
Dec 2023 0.3%
Nov 2023 0.6%
Oct 2023 1.2%
Sep 2023 2.4%
Aug 2023 3.5%
Jul 2023 3.7%
Jun 2023 4.1%
May 2023 5.1%
Apr 2023 5.8%
Mar 2023 7.4%
Feb 2023 8.3%
Jan 2023 9.6%
Dec 2022 10.6%
Nov 2022 9.9%
Oct 2022 9.7%
Sep 2022 10.3%
Aug 2022 9.6%
Jul 2022 9.3%
Jun 2022 9.6%
May 2022 9.4%
Apr 2022 9.9%
Mar 2022 9.4%
Feb 2022 9.4%
Jan 2022 9.1%
Dec 2021 8.6%
Nov 2021 9.1%
Oct 2021 8.2%
Sep 2021 6.2%
Aug 2021 5.7%
Jul 2021 5.6%
Jun 2021 5%
May 2021 5%
Apr 2021 3.8%
Mar 2021 1%
Feb 2021 -0.9%
Jan 2021 -1.8%
Dec 2020 -2.2%
Nov 2020 -2.4%
Oct 2020 -2.2%
Sep 2020 -0.8%
Aug 2020 -0.7%
Jul 2020 -1%
Jun 2020 -1.6%
May 2020 -2.7%
Apr 2020 -2.4%
Mar 2020 -0.4%
Feb 2020 0.8%
Jan 2020 1.6%
Dec 2019 0.9%
Nov 2019 0.1%
Oct 2019 -0.4%
Sep 2019 -1.1%
Aug 2019 -0.9%
Jul 2019 -0.7%
Jun 2019 -0.2%
May 2019 0.6%
Apr 2019 1.3%
Mar 2019 1.3%
Feb 2019 0.9%
Jan 2019 0.5%
Dec 2018 1.4%
Nov 2018 2.2%
Oct 2018 3%
Sep 2018 3%
Aug 2018 3.2%
Jul 2018 3.2%
Jun 2018 3%
May 2018 2.8%
Apr 2018 2.2%
Mar 2018 2%
Feb 2018 2.5%
Jan 2018 2.7%
Dec 2017 3%
Nov 2017 3.5%
Oct 2017 3.6%
Sep 2017 3%
Aug 2017 2.8%
Jul 2017 2.5%
Jun 2017 2.2%
May 2017 2.1%
Apr 2017 2.1%
Mar 2017 1.5%
Feb 2017 1%
Jan 2017 0.5%
Dec 2016 -1.2%
Nov 2016 -2.3%
Oct 2016 -2.7%
Sep 2016 -3.3%
Aug 2016 -3.8%
Jul 2016 -4.2%
Jun 2016 -4.5%
May 2016 -4.6%
Apr 2016 -4.4%
Mar 2016 -4%
Feb 2016 -3.7%
Jan 2016 -3.4%
Dec 2015 -3.5%
Nov 2015 -3.6%
Oct 2015 -3.8%
Sep 2015 -4.1%
Aug 2015 -3.8%
Jul 2015 -3.2%
Jun 2015 -2.4%
May 2015 -2.2%
Apr 2015 -2.1%
Mar 2015 0.7%
Feb 2015 0.5%
Jan 2015 0.3%
Dec 2014 1.8%
Nov 2014 2.6%
Oct 2014 2.8%
Sep 2014 3.6%
Aug 2014 4%
Jul 2014 4.4%
Jun 2014 4.6%
May 2014 4.5%
Apr 2014 4.3%
Mar 2014 1.7%
Feb 2014 1.8%
Jan 2014 2.5%
Dec 2013 2.5%
Nov 2013 2.6%
Oct 2013 2.5%
Sep 2013 2.3%
Aug 2013 2.3%
Jul 2013 2.1%
Jun 2013 1.1%
May 2013 0.6%
Apr 2013 0.1%
Mar 2013 -0.5%
Feb 2013 -0.1%
Jan 2013 -0.3%
Dec 2012 -0.6%
Nov 2012 -1%
Oct 2012 -1%
Sep 2012 -1.4%
Aug 2012 -1.9%
Jul 2012 -2.1%
Jun 2012 -1.4%
May 2012 -0.9%
Apr 2012 -0.7%
Mar 2012 0.3%
Feb 2012 0.3%
Jan 2012 0.2%
Dec 2011 0.7%
Nov 2011 1.2%
Oct 2011 1.2%
Sep 2011 2%
Aug 2011 2.2%
Jul 2011 2.2%
Jun 2011 1.9%
May 2011 1.5%
Apr 2011 1.7%
Mar 2011 1.2%
Feb 2011 0.7%
Jan 2011 0.6%
Dec 2010 0.8%
Nov 2010 0.4%
Oct 2010 0.5%
Sep 2010 -0.1%
Aug 2010 0%
Jul 2010 0%
Jun 2010 0.4%
May 2010 0.4%
Apr 2010 0%
Mar 2010 -0.9%
Feb 2010 -1.1%
Jan 2010 -1.6%
Dec 2009 -3.7%
Nov 2009 -5%
Oct 2009 -6.8%
Sep 2009 -7.9%
Aug 2009 -8.6%
Jul 2009 -8.4%
Jun 2009 -6.8%
May 2009 -5.6%
Apr 2009 -4.1%
Mar 2009 -2.7%
Feb 2009 -2%
Jan 2009 -1%
Dec 2008 0.8%
Nov 2008 2.4%
Oct 2008 4.6%
Sep 2008 6.9%
Aug 2008 7.5%
Jul 2008 7.5%
Jun 2008 5.8%
May 2008 5%
Apr 2008 4%
Mar 2008 4%
Feb 2008 3.5%
Jan 2008 3%
Dec 2007 2.7%
Nov 2007 2.4%
Oct 2007 2.1%
Sep 2007 1.2%
Aug 2007 1.5%
Jul 2007 1.8%
Jun 2007 1.7%
May 2007 1.6%
Apr 2007 1.9%
Mar 2007 1.3%
Feb 2007 1.3%
Jan 2007 1.6%
Dec 2006 1.7%
Nov 2006 1.9%
Oct 2006 2%
Sep 2006 2.7%
Aug 2006 2.6%
Jul 2006 2.5%
Jun 2006 2.6%
May 2006 2.4%
Apr 2006 1.8%
Mar 2006 2%
Feb 2006 2.2%
Jan 2006 2%
Dec 2005 1.9%
Nov 2005 1.6%
Oct 2005 1.7%
Sep 2005 1.5%
Aug 2005 1.5%
Jul 2005 1.3%
Jun 2005 1.3%
May 2005 1.7%
Apr 2005 1.8%
Mar 2005 1.6%
Feb 2005 1.6%
Jan 2005 1.7%
Dec 2004 2%
Nov 2004 2.2%
Oct 2004 2.2%
Sep 2004 2%
Aug 2004 1.9%
Jul 2004 1.9%
Jun 2004 1.6%
May 2004 1.1%
Apr 2004 0.8%
Mar 2004 0.2%
Feb 2004 0%
Jan 2004 0%
Dec 2003 -0.2%
Nov 2003 -0.5%
Oct 2003 -0.5%
Sep 2003 -0.7%
Aug 2003 -0.9%
Jul 2003 -1%
Jun 2003 -1.4%
May 2003 -1.3%
Apr 2003 -1%
Mar 2003 -1%
Feb 2003 -1%
Jan 2003 -1.2%
Dec 2002 -1.5%
Nov 2002 -1.4%
Oct 2002 -1.6%
Sep 2002 -2%
Aug 2002 -1.9%
Jul 2002 -2%
Jun 2002 -2%
May 2002 -2.1%
Apr 2002 -2.3%
Mar 2002 -2.4%
Feb 2002 -2.6%
Jan 2002 -2.6%
Dec 2001 -2.7%
Nov 2001 -2.6%
Oct 2001 -2.7%
Sep 2001 -2.6%
Aug 2001 -2.7%
Jul 2001 -2.5%
Jun 2001 -2.3%
May 2001 -2.1%
Apr 2001 -2.1%
Mar 2001 -2%
Feb 2001 -1.9%
Jan 2001 -1.9%
Dec 2000 -0.9%
Nov 2000 -0.9%
Oct 2000 -0.7%
Sep 2000 -0.2%
Aug 2000 0%
Jul 2000 0.1%
Jun 2000 0.4%
May 2000 0.3%
Apr 2000 0.6%
Mar 2000 0.5%
Feb 2000 0.5%
Jan 2000 0.4%
Dec 1999 -0.4%
Nov 1999 -0.4%
Oct 1999 -0.6%
Sep 1999 -1.1%
Aug 1999 -1.1%
Jul 1999 -1.3%
Jun 1999 -1.7%
May 1999 -1.6%
Apr 1999 -1.8%
Mar 1999 -1.8%
Feb 1999 -2.1%
Jan 1999 -2.3%
Dec 1998 -2.2%
Nov 1998 -2.2%
Oct 1998 -2.1%
Sep 1998 -2%
Aug 1998 -2.1%
Jul 1998 -2.2%
Jun 1998 -2.1%
May 1998 -2.3%
Apr 1998 -2.3%
Mar 1998 -0.1%
Feb 1998 0.3%
Jan 1998 0.7%
Dec 1997 0.7%
Nov 1997 0.9%
Oct 1997 1.1%
Sep 1997 1.4%
Aug 1997 1.4%
Jul 1997 1.4%
Jun 1997 1.5%
May 1997 1.4%
Apr 1997 1.3%
Mar 1997 -0.8%
Feb 1997 -1%
Jan 1997 -1.2%
Dec 1996 -1.3%
Nov 1996 -1.5%
Oct 1996 -1.6%
Sep 1996 -1.8%
Aug 1996 -1.7%
Jul 1996 -1.8%
Jun 1996 -2%
May 1996 -1.8%
Apr 1996 -1.8%
Mar 1996 -1.7%
Feb 1996 -1.7%
Jan 1996 -1.6%
Dec 1995 -1.1%
Nov 1995 -1%
Oct 1995 -1.1%
Sep 1995 -1.1%
Aug 1995 -1.1%
Jul 1995 -0.8%
Jun 1995 -0.8%
May 1995 -0.7%
Apr 1995 -0.6%
Mar 1995 -0.6%
Feb 1995 -0.7%
Jan 1995 -0.7%
Dec 1994 -1%
Nov 1994 -1.2%
Oct 1994 -1.3%
Sep 1994 -1.3%
Aug 1994 -1.6%
Jul 1994 -1.7%
Jun 1994 -1.7%
May 1994 -1.9%
Apr 1994 -2%
Mar 1994 -2%
Feb 1994 -1.9%
Jan 1994 -2%
Dec 1993 -2%
Nov 1993 -1.9%
Oct 1993 -1.8%
Sep 1993 -2%
Aug 1993 -1.7%
Jul 1993 -1.6%
Jun 1993 -1.5%
May 1993 -1.3%
Apr 1993 -1.2%
Mar 1993 -1.3%
Feb 1993 -1.2%
Jan 1993 -1.1%
Dec 1992 -1.1%
Nov 1992 -1.2%
Oct 1992 -1.1%
Sep 1992 -0.8%
Aug 1992 -0.9%
Jul 1992 -0.8%
Jun 1992 -0.9%
May 1992 -0.9%
Apr 1992 -0.9%
Mar 1992 -0.8%
Feb 1992 -0.7%
Jan 1992 -0.6%
Dec 1991 -0.4%
Nov 1991 -0.2%
Oct 1991 0.1%
Sep 1991 0.5%
Aug 1991 1.1%
Jul 1991 1.2%
Jun 1991 1.5%
May 1991 1.7%
Apr 1991 1.6%
Mar 1991 1.7%
Feb 1991 1.8%
Jan 1991 1.7%
Dec 1990 2%
Nov 1990 1.9%
Oct 1990 1.5%
Sep 1990 1%
Aug 1990 0.6%
Jul 1990 0.5%
Jun 1990 0.6%
May 1990 0.6%
Apr 1990 0.9%
Mar 1990 2.8%
Feb 1990 2.8%
Jan 1990 3%
Dec 1989 2.5%
Nov 1989 2.5%
Oct 1989 2.6%
Sep 1989 2.7%
Aug 1989 2.8%
Jul 1989 2.7%
Jun 1989 2.5%
May 1989 2.5%
Apr 1989 2.2%
Mar 1989 0.1%
Feb 1989 0%
Jan 1989 -0.4%
Dec 1988 -1%
Nov 1988 -1.1%
Oct 1988 -1.1%
Sep 1988 -0.9%
Aug 1988 -0.8%
Jul 1988 -0.4%
Jun 1988 -0.2%
May 1988 -0.2%
Apr 1988 -0.2%
Mar 1988 -0.2%
Feb 1988 -0.1%
Jan 1988 -0.2%
Dec 1987 0%
Nov 1987 0%
Oct 1987 -0.2%
Sep 1987 -1.2%
Aug 1987 -2.1%
Jul 1987 -3.1%
Jun 1987 -3.8%
May 1987 -4.6%
Apr 1987 -4.8%
Mar 1987 -5.4%
Feb 1987 -5.8%
Jan 1987 -6.1%
Dec 1986 -5.8%
Nov 1986 -5.9%
Oct 1986 -6.1%
Sep 1986 -5.7%
Aug 1986 -5.3%
Jul 1986 -4.9%
Jun 1986 -4.5%
May 1986 -4.1%
Apr 1986 -4.2%
Mar 1986 -3.6%
Feb 1986 -3.6%
Jan 1986 -3%
Dec 1985 -2.3%
Nov 1985 -2.1%
Oct 1985 -1.7%
Sep 1985 -1.4%
Aug 1985 -1.1%
Jul 1985 -0.8%
Jun 1985 -0.6%
May 1985 -0.5%
Apr 1985 0.1%
Mar 1985 0.2%
Feb 1985 0.5%
Jan 1985 0.6%
Dec 1984 0.1%
Nov 1984 0.3%
Oct 1984 0.4%
Sep 1984 0.5%
Aug 1984 0.6%
Jul 1984 0.1%
Jun 1984 0.1%
May 1984 0.2%
Apr 1984 0.3%
Mar 1984 -0.4%
Feb 1984 -0.4%
Jan 1984 -0.6%
Dec 1983 -0.8%
Nov 1983 -1.1%
Oct 1983 -1.1%
Sep 1983 -1.3%
Aug 1983 -1.2%
Jul 1983 -0.4%
Jun 1983 -0.4%
May 1983 -0.5%
Apr 1983 -0.9%
Mar 1983 -0.1%
Feb 1983 0%
Jan 1983 0%
Dec 1982 0%
Nov 1982 0.2%
Oct 1982 0.3%
Sep 1982 0.4%
Aug 1982 0.4%
Jul 1982 0.4%
Jun 1982 0.4%
May 1982 0.5%
Apr 1982 1%
Mar 1982 1%
Feb 1982 0.8%
Jan 1982 0.4%
Dec 1981 0.3%
Nov 1981 0.2%
Oct 1981 -0.1%
Sep 1981 -0.4%
Aug 1981 -0.5%
Jul 1981 -0.4%
Jun 1981 -0.2%
May 1981 0.3%
Apr 1981 0.7%
Mar 1981 3.8%
Feb 1981 5.5%
Jan 1981 8%
Dec 1980 10.4%
Nov 1980 11.8%
Oct 1980 12.9%
Sep 1980 14.4%
Aug 1980 15.5%
Jul 1980 16%
Jun 1980 17.7%
May 1980 18.4%
Apr 1980 18.5%
Mar 1980 16.3%
Feb 1980 15.2%
Jan 1980 13.8%
Dec 1979 12%
Nov 1979 10.7%
Oct 1979 9.8%
Sep 1979 8.5%
Aug 1979 7.1%
Jul 1979 5.5%
Jun 1979 3.4%
May 1979 2.4%
Apr 1979 1.5%
Mar 1979 0.4%
Feb 1979 0%
Jan 1979 -0.7%
Dec 1978 -1.1%
Nov 1978 -1.4%
Oct 1978 -1.6%
Sep 1978 -1.2%
Aug 1978 -0.8%
Jul 1978 -0.1%
Jun 1978 -0.1%
May 1978 -0.1%
Apr 1978 0%
Mar 1978 0.1%
Feb 1978 0%
Jan 1978 0.6%
Dec 1977 0.7%
Nov 1977 1.1%
Oct 1977 1.4%
Sep 1977 1.7%
Aug 1977 2%
Jul 1977 2.8%
Jun 1977 4.3%
May 1977 4.7%
Apr 1977 4.8%
Mar 1977 5.1%
Feb 1977 5.8%
Jan 1977 5.7%
Dec 1976 6.7%
Nov 1976 7.1%
Oct 1976 7%
Sep 1976 7.3%
Aug 1976 7.2%
Jul 1976 6.5%
Jun 1976 5.3%
May 1976 4.8%
Apr 1976 4.6%
Mar 1976 4.1%
Feb 1976 3.4%
Jan 1976 2.8%
Dec 1975 1.6%
Nov 1975 1.2%
Oct 1975 1.6%
Sep 1975 1.7%
Aug 1975 1.2%
Jul 1975 1.2%
Jun 1975 1.8%
May 1975 3.1%
Apr 1975 3.5%
Mar 1975 4.3%
Feb 1975 4.8%
Jan 1975 7.2%
Dec 1974 12.8%
Nov 1974 20.9%
Oct 1974 23.9%
Sep 1974 25.2%
Aug 1974 27.7%
Jul 1974 30.7%
Jun 1974 31.4%
May 1974 31.6%
Apr 1974 31.8%
Mar 1974 31.3%
Feb 1974 33.9%
Jan 1974 33.3%
Dec 1973 28.5%
Nov 1973 21.3%
Oct 1973 19.6%
Sep 1973 18.5%
Aug 1973 17.7%
Jul 1973 15.2%
Jun 1973 13.9%
May 1973 12.5%
Apr 1973 11.9%
Mar 1973 12%
Feb 1973 9.4%
Jan 1973 7.8%
Dec 1972 6.3%
Nov 1972 5.2%
Oct 1972 3.5%
Sep 1972 2.4%
Aug 1972 0.9%
Jul 1972 0.7%
Jun 1972 0.6%
May 1972 0.4%
Apr 1972 0.4%
Mar 1972 0.2%
Feb 1972 0%
Jan 1972 -0.6%
Dec 1971 -0.6%
Nov 1971 -1.1%
Oct 1971 -1.1%
Sep 1971 -0.9%
Aug 1971 -0.7%
Jul 1971 -0.9%
Jun 1971 -0.9%
May 1971 -1.1%
Apr 1971 -1.1%
Mar 1971 -1.1%
Feb 1971 -0.7%
Jan 1971 0.2%
Dec 1970 0.9%
Nov 1970 1.5%
Oct 1970 2.1%
Sep 1970 2.2%
Aug 1970 3.4%
Jul 1970 3.8%
Jun 1970 4%
May 1970 4.6%
Apr 1970 5%
Mar 1970 4.8%
Feb 1970 4.6%
Jan 1970 4%
Dec 1969 3.4%
Nov 1969 3.1%
Oct 1969 2.7%
Sep 1969 3.1%
Aug 1969 2.3%
Jul 1969 1.7%
Jun 1969 1.5%
May 1969 1.4%
Apr 1969 1.2%
Mar 1969 0.6%
Feb 1969 0.4%
Jan 1969 0.6%
Dec 1968 0.4%
Nov 1968 0.4%
Oct 1968 0.6%
Sep 1968 0.8%
Aug 1968 0.6%
Jul 1968 1.6%
Jun 1968 1.6%
May 1968 1.6%
Apr 1968 1.4%
Mar 1968 1%
Feb 1968 1%
Jan 1968 0.8%
Dec 1967 2.4%
Nov 1967 2.8%
Oct 1967 2.6%
Sep 1967 2.6%
Aug 1967 2.4%
Jul 1967 1.6%
Jun 1967 2%
May 1967 2.4%
Apr 1967 2.4%
Mar 1967 3.4%
Feb 1967 3.4%
Jan 1967 3.8%
Dec 1966 3%
Nov 1966 3.1%
Oct 1966 3.3%
Sep 1966 2.7%
Aug 1966 3.1%
Jul 1966 3.1%
Jun 1966 2.5%
May 1966 1.6%
Apr 1966 1.6%
Mar 1966 1.6%
Feb 1966 1.6%
Jan 1966 1.2%
Dec 1965 1.4%
Nov 1965 1%
Oct 1965 0.8%
Sep 1965 0.8%
Aug 1965 0.6%
Jul 1965 0.8%
Jun 1965 1.2%
May 1965 1.4%
Apr 1965 1%
Mar 1965 1%
Feb 1965 0.8%
Jan 1965 0.6%
Dec 1964 -0.2%
Nov 1964 -0.4%
Oct 1964 -0.2%
Sep 1964 -0.2%
Aug 1964 -0.2%
Jul 1964 -0.4%
Jun 1964 -0.6%
May 1964 0%
Apr 1964 0.6%
Mar 1964 0.6%
Feb 1964 1%
Jan 1964 1.5%
Dec 1963 1.9%
Nov 1963 3%
Oct 1963 2.7%
Sep 1963 2.7%
Aug 1963 2.3%
Jul 1963 2.3%
Jun 1963 2.5%
May 1963 1.5%
Apr 1963 0.6%
Mar 1963 0%
Feb 1963 -0.4%
Jan 1963 -0.6%
Dec 1962 -1.4%
Nov 1962 -2.5%
Oct 1962 -2.9%
Sep 1962 -3.1%
Aug 1962 -2.9%
Jul 1962 -2.5%
Jun 1962 -2.7%
May 1962 -2.1%
Apr 1962 -1.2%
Mar 1962 0%
Feb 1962 0.6%
Jan 1962 0.6%
Dec 1961 1.3%
Nov 1961 1.5%
Oct 1961 1.7%
Sep 1961 1.9%
Aug 1961 2.3%
Jul 1961 2.1%
Jun 1961 1.7%
May 1961 1.5%
Apr 1961 1%
Mar 1961 0.2%
Feb 1961 -0.4%
Jan 1961 -0.4%

Recent Events

datetime event actual previous consensus
2025-10-09 07:50 PM PPI YoY (Sep) 2.7% 2.7% 2.5%
2025-09-10 07:50 PM PPI YoY (Aug) 2.7% 2.5% 2.7%
2021-02-09 06:50 PM PPI YoY (Jan) -1.6% -2% -1.6%

Next Release Date :

Japan Producer Price Index (PPI) : Definition
Japan's producer price change measures the year-over-year percentage change in prices received by domestic producers for their outputs. Key categories include manufacturing, mining, utilities, steel, chemicals, and machinery.