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Financial News: Japan Services PPI Inflation At 6-Month High

Japan Services PPI Inflation At 6-Month High

10/26/2020 - 02:08:00 (RTTNews)

(RTTNews) - Japan's services producer price inflation accelerated to a six-month high in September, data from Bank of Japan showed on Monday.

The services Producer Price index advanced 1.3 percent year-on-year in September, following a 1.1 percent rise in August. This was the fastest increase since March when prices gained 1.4 percent.

On a monthly basis, corporate services prices gained 0.1 percent, after staying flat in August. Excluding international transportation, services producer price inflation rose to 1.4 percent from 1.2 percent. Month-on-month, the services PPI edged up 0.1 percent.

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