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MNI BRIEF: Japan Oct Services PPI Rises 2.3% Vs. Sept's 2.0%

(MNI) Tokyo
(MNI) TOKYO

Japan's services producer price index rose 2.3% y/y in October, marking the 32nd straight rise and accelerating from September's revised 2.0%, showing that pass-through of cost increases continued in services, preliminary data released by the Bank of Japan on Monday showed.

The Bank of Japan will focus on whether high services prices will lead to wage hikes in non-manufacturers.

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Japan's services producer price index rose 2.3% y/y in October, marking the 32nd straight rise and accelerating from September's revised 2.0%, showing that pass-through of cost increases continued in services, preliminary data released by the Bank of Japan on Monday showed.

The Bank of Japan will focus on whether high services prices will lead to wage hikes in non-manufacturers.

Keep reading...Show less