TOKYO : Japan's business-to-business service inflation hit an eight-year high in the fiscal year that ended March, data showed on Tuesday, a sign inflationary pressure was broadening beyond goods reflecting a tight job market and solid domestic demand.
The services producer price index, which measures the prices companies charge each other for services, rose 1.8 per cent in fiscal 2022, higher than a 1.2 per cent increase in the previous year, BOJ data showed on Tuesday. It was the fastest pace of increase since fiscal 2014, when it rose 3.3 per cent.
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