BusinessPublished
Japan's producer price rise may soon hit consumers
Japan's businesses are increasingly passing on higher costs to customers, which could lead to higher consumer prices. The producer price index rose 7.1% in June, driven by higher petroleum costs. Analysts expect the trend to continue, with prices exceeding 2% this fall and climbing above 3% early next year. This could put pressure on households, especially if real wages fall.
At a glance
- Japan's producer price index rose 7.1% in June, driven by higher petroleum costs.
- Businesses are increasingly passing on higher costs to customers.
- Analysts expect consumer prices to exceed 2% this fall and climb above 3% early next year.
- Higher prices could put pressure on households, especially if real wages fall.