Japan April PPI rose at the fastest pace since Nov 2014

Omkar Godbole FXStreet Contributor

The official data released today showed Japan April Producer Price Index (PPI) rose 2.1% year-on-year; its fastest rate since November 2014. The actual figure came in above the estimate of 1.8% and was up from 1.4% in March.

This was also the fourth straight month of price rise. The PPI ended 21-month losing streak in January. The month-on-month price growth held steady at 0.2% in April.

Export prices rose 3% y/y, while the import prices rose 10.9%.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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