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Japan producer prices rebound in November

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Japan producer prices rebound in November

Japan's annual producer prices rebounded in November, as import prices declined at a greater pace than exports, preliminary data from the Bank of Japan showed.

Producer prices edged up 0.1% year over year, following a 0.4% drop in October.

On an annual basis, beverage and food prices increased 1.1%, while that of chemicals and related products dropped 3.5%. Prices of petroleum and coal products dropped 8.3% in November, while electric power, gas and water prices declined 0.7%.

In yen, exports fell 5.9% in November, after a revised decline of 6.2% in the previous month. Imports fell 11.2%, following a revised decrease of 10.7% in October.

On a monthly basis, producer prices climbed 0.2% in November, in line with the Econoday consensus estimate, after registering a 1.1% rise in October.