Producer prices (PPI) · Japan
Japan Services Producer Price Index YoY
The Japan Services Producer Price Index YoY measures the prices that producers in Japan receive for their goods (and in some countries services), or pay for their inputs, before taxes and retail margins.
- Importance
- Medium
- Next release
- Currency
- JPY · Japanese yen
- Central bank
- The Bank of Japan
Latest figures
The latest release for SEP, published on 26 October 2026, came in at 3.7%, in line with the consensus of 3.7%, up from 3.5% the time before (revised).
A result in line with the consensus usually causes little reaction: it was already priced in.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 26 Oct 2026 | SEP | 3.7% | 3.7% | 3.5% ® |
Why it matters
Producer prices are an early warning for consumer inflation: when factories pay more for energy and materials, part of the cost reaches shop prices in the following months. They also show profit pressure.
How it is calculated
the Statistics Bureau and the Cabinet Office surveys companies on the prices of representative products at the factory gate; the index is weighted by each product's share of output. Input PPI covers materials and fuel bought; output PPI the goods sold.
PPI change (yoy) = PPI ÷ PPI 12 months ago − 1What changes mean
- Input prices rising faster than output prices squeeze margins.
- A sharp move in PPI often reflects oil and metals; check the core (ex food and energy) version.
Higher than expected: A higher figure than expected makes the Bank of Japan more likely to keep rates high or raise them: it tends to support the Japanese yen and push bond yields up, and is often a weight on stocks.
Lower than expected: A lower figure than expected gives the Bank of Japan room to cut or hold rates lower: the Japanese yen tends to soften and bond yields to fall.
A short history
Wholesale price indexes are among the oldest economic statistics; the US index dates back to 1902 and was renamed the Producer Price Index in 1978.
Questions
What is the Japan Services Producer Price Index YoY?
The Japan Services Producer Price Index YoY measures the prices that producers in Japan receive for their goods (and in some countries services), or pay for their inputs, before taxes and retail margins.
What was the latest Japan Services Producer Price Index YoY?
3.7% for SEP, published on 26 October 2026 (consensus 3.7%, previous 3.5%).
When is the next Japan Services Producer Price Index YoY?
On Tuesday 24 November 2026 at 23:50 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.