26-April-2024
Economy News
 
Japan's service prices rise for 7th straight month on freight cost gains
26-Oct-2021

The prices that Japanese companies charge each other for services rose 0.9 per cent in September from a year earlier, marking a seventh straight month of gains, central bank data showed on Tuesday. The increase in the services producer price index was just below a 1.0% gain marked in August, the data showed. The key driver behind the September rise was transportation fees, with the cost of ocean freight transportation spiking 34.9 per cent from a year earlier and air freight up 28.5 per cent, the data showed.

News Source:- https://www.businesstimes.com.sg/government-economy/japans-service-prices-rise-for-7th-straight-month-on-freight-cost-gains