Japan's annual producer prices climbed further in December 2019, preliminary data from the Bank of Japan showed.

The producer price index increased by 0.9% on a yearly basis in December 2019, following a 0.1% rise in November 2019.

Prices of beverages and foods grew 1.1% year over year in December 2019, while those of electric power, gas and water dropped 2.3%. Prices of chemicals and related products fell 2.8%, while textile prices climbed 2.4%.

On a monthly basis, producer prices climbed 0.1% in December 2019, following a 0.2% rise in the previous month.

Annual export prices declined by 4.1% in yen terms in December 2019, slowing from a 5.9% fall in the previous month. Import prices dropped 6.8% on a yearly basis in December 2019, following a revised decrease of 11.3% in November 2019.