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Financial News: Japan Services Producer Prices Fall For Fourth Month

Japan Services Producer Prices Fall For Fourth Month

02/22/2021 - 02:44:00 (RTTNews)

(RTTNews) - Japan's services producer prices declined for the fourth straight month in January, data released by the Bank of Japan showed on Monday.

The services producer price index fell 0.5 percent year-on-year in January, following a 0.3 percent decline in December. This was the fourth consecutive month of decline.

On a monthly basis, services producer prices dropped 0.6 percent, after a 0.2 percent rise in the previous month.

Excluding international transportation, services producer prices decreased 0.1 percent annually in January, after a 0.1 percent fall in the prior month.

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