— Japan Nov Corporate Service Prices -0.2% Y/Y Vs Oct +0.1%
— Japan Nov Total CSPI Post 1st Y/Y Fall in 3 Mths
TOKYO (MNI) – Japan’s corporate service price index fell 0.2% in
November, marking the first year-on-year fall in three months, Bank of
Japan data released on Tuesday showed.
The November reading followed a 0.1% rise in October, which was the
first year-on-year rise in 37 months in October.
The October rise was the first since September 2008, when the index
was up 0.9%.
Meanwhile, core CSPI excluding international transportation, a
measure free of volatile factors, remained on a downtrend, falling 0.2%
in November following a 0.1% decline in October.
The downward pressure on prices has generally eased since total
CSPI posted a record drop of -3.8% in August 2009, which was the largest
decline since the BOJ began compiling CSPI data in January 1985.
The total CSPI, which stood at 96.3 in November against 100 in the
2005 base year, fell 0.2% in November from the previous month, posting
the first month-on-month fall in three months.
The corporate services price index tracks prices for a wide range
of corporate services, ranging from finance and insurance charges to the
cost of shipping goods by road rail, air or sea.
tokyo@marketnews.com
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