Japan’s producer prices rose 2.7% yoy in October 2025, easing slightly from a marginally revised 2.8% gain in September but above market expectations of 2.5%. Cost continued to grow for most components: transport equipment (1.6% vs 2.1% in September), beverages and foods (4.8% vs 4.8% 5.0%), general-purpose machinery (2.4% vs 3.5%), other manufacturing (2.5% vs 2.8%), non-ferrous metals (11.8% vs 9.6%), electrical machinery (2.7% vs 2.8%), production machinery (2.0% vs 3.0%), metal products (0.7% vs 2.5%), plastics (1.2% vs 1.8%), information and communications (0.4% vs 1.3%), and business-oriented machinery (0.7% vs 1.1%). On the other hand, prices fell further for chemicals (-3.8% vs -4.0%), iron and steel (-6.9% vs -7.0%), and petroleum and coal products (-0.8% vs -1.8%). On a monthly basis, prices increased 0.4%, just below forecasts of 0.5%, marking the second consecutive month of increases.