# Japan Producer Price Inflation (PPI)

Japan Producer Price Inflation (PPI) was up 7.1% year on year in October 2026, compared with 6.8% in September 2026.
The level stood at 136.8 (index 2020=100).
Among the 41 economies Makrognosis covers on this measure, it is the 20th lowest.
Over the past ten years it has ranged from −2.7% (Oct 2016) to 10.6% (Dec 2022), averaging 3.2%.

- Source agency: Bank of Japan
- Makrognosis code: `JP.PPI.M.NSA`
- Frequency: monthly
- Units: index 2020=100
- Coverage: 1996-01-01 to 2026-10-01 (370 observations)
- Page: https://makrognosis.robomacro.com/data/japan/producer-price-inflation-ppi

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| October 2026 | 136.8 | 7.1 |
| September 2026 | 135.8 | 6.8 |
| August 2026 | 136.1 | 7.6 |
| July 2026 | 136.5 | 7.7 |
| June 2026 | 135.9 | 7.5 |
| May 2026 | 135.1 | 6.8 |
| April 2026 | 133.6 | 5.5 |
| March 2026 | 130.0 | 3.0 |
| February 2026 | 128.6 | 2.2 |
| January 2026 | 128.6 | 2.5 |
| December 2025 | 128.2 | 2.5 |
| November 2025 | 128.1 | 2.8 |
| October 2025 | 127.7 | 2.8 |
| September 2025 | 127.1 | 2.8 |
| August 2025 | 126.5 | 2.7 |
| July 2025 | 126.7 | 2.5 |
| June 2025 | 126.4 | 2.8 |
| May 2025 | 126.5 | 3.1 |
| April 2025 | 126.6 | 3.9 |
| March 2025 | 126.2 | 4.3 |
| February 2025 | 125.8 | 4.3 |
| January 2025 | 125.5 | 4.2 |
| December 2024 | 125.1 | 4.1 |
| November 2024 | 124.6 | 3.9 |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/JP.PPI.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/JP.PPI.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```