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Japan Producer Prices Up 3.6 Pct in April

Japan Producer Prices Up 3.6 Pct in April

   Tokyo, May 17 (Jiji Press)--Producer prices in Japan in April grew 3.6 pct from a year before, up for the second consecutive month, the Bank of Japan said Monday.
   The growth came after producer prices fell sharply in April last year due to the impact of the COVID-19 outbreak.
   The producer price index in the latest reporting month stood at 103 against 100 for the base year of 2015, according to the central bank.
   By product, prices of petroleum and coal products jumped 39.3 pct. Prices of nonferrous metals and those of chemical products increased 35.2 pct and 7.3 pct, respectively.
   These increases stemmed from higher international commodity prices that reflected demand recovery overseas.

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AFP-JIJI PRESS NEWS JOURNAL


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