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Japan Producer Prices Up 0.2 Pct in Jan.

Japan Producer Prices Up 0.2 Pct in Jan.

   Tokyo, Feb. 13 (Jiji Press)--Producer prices in Japan edged up 0.2 pct from a year earlier in January, up for the 35th consecutive month, the Bank of Japan said Tuesday.
   The growth rate, which was unchanged from December, is on a decelerating trend as moves to pass on higher material and energy costs to prices are running their course.
   In January, the producer price index, which measures the cost of goods traded between businesses, stood at 120.1 against the 2020 base of 100. Prices rose for 406 of the 515 items surveyed, and fell for 90.
   "While moves to pass on higher material costs continue, such moves have slowed when compared with a while ago," a BOJ official said.
   By category, producer prices for food and beverages rose 4.4 pct, reflecting a rise in material and packaging costs. Those for petroleum and coal products jumped 6.6 pct on a rise in yen-denominated crude oil prices. Transportation equipment prices climbed 2.2 pct mainly due to moves to pass on higher logistics costs.

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AFP-JIJI PRESS NEWS JOURNAL


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