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MNI BRIEF: Japan's Sep Services PPI Rises 2.1%

(MNI) Tokyo
(MNI) TOKYO

Japan’s services producer price index accelerated to 2.1% y/y in September from 2% y/y in August, marking the 19th straight rise, according to preliminary data released by the Bank of Japan on Wednesday.

The September rise was due mainly to higher prices for advertising services and information and communications, as well as other items like hotels. The SPPI rose 0.1% from the previous month, reversing course from a revised -0.1% in August.

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Japan’s services producer price index accelerated to 2.1% y/y in September from 2% y/y in August, marking the 19th straight rise, according to preliminary data released by the Bank of Japan on Wednesday.

The September rise was due mainly to higher prices for advertising services and information and communications, as well as other items like hotels. The SPPI rose 0.1% from the previous month, reversing course from a revised -0.1% in August.

Keep reading...Show less