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MNI BRIEF: Japan April Services PPI Rises 2.8% Vs. March's 2.3%

(MNI) Tokyo
(MNI) TOKYO

Japan's services producer price index rose 2.8% y/y in April, marking the 38th straight rise and accelerating from March's 2.4%, showing that businesses continue to revise retail prices, preliminary data released by the Bank of Japan on Tuesday showed.

April’s y/y rise was driven by higher transportation and postal activities (+3.4% in April vs. +2.5% in March) and machinery repair maintenance (+5.5% vs. +2.6%) and training and development services (+6.7% vs. +0.8%).

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Japan's services producer price index rose 2.8% y/y in April, marking the 38th straight rise and accelerating from March's 2.4%, showing that businesses continue to revise retail prices, preliminary data released by the Bank of Japan on Tuesday showed.

April’s y/y rise was driven by higher transportation and postal activities (+3.4% in April vs. +2.5% in March) and machinery repair maintenance (+5.5% vs. +2.6%) and training and development services (+6.7% vs. +0.8%).

Keep reading...Show less