AI Data Insight
Japan's newly released Q1 2026 (February) PPI fell to 128.3, pulling back slightly from the previous reading of 128.4, with a year-over-year growth rate of 2.0%, below the market consensus of 2.2%. Although non-ferrous metals and agricultural product prices rose significantly, the drop in energy and fuel prices effectively contained the overall wholesale price increase, suggesting that upstream inflationary pressure is mildly easing.