Japan’s producer prices rose 7.2% year-on-year in July 2026, easing slightly from a marginally revised 7.3% increase in the prior month, which had been the fastest pace in more than three years. The latest reading came in slightly below market expectations of 7.4%. On a monthly basis, producer prices edged up 0.1%, slowing sharply from an upwardly revised 0.5% gain in June and marking the weakest monthly gain in five months.