Japan April PPI rose at the fastest pace since Nov 2014

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%.