Business service prices rise at fastest annual pace since March 2015

📆 27/05/2024 08:54 p. m.
📰 ChannelNewsAsia

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TOKYO : Japanese corporate services prices in April rose at their fastest pace since early 2015, Bank of Japan data showed on Tuesday, boosted by labour costs in the services sector.The Corporate Services Price Index (CSPI) rose 2.8 per cent year-on-year in April, following a 2.

FILE PHOTO: Pedestrians are reflected on a curved mirror next to Japan’s national flag in a shopping district in Tokyo, Japan March 19, 2024. REUTERS/Kim Kyung-Hoon/file photoTOKYO : Japanese corporate services prices in April rose at their fastest pace since early 2015, Bank of Japan data showed on Tuesday, boosted by labour costs in the services sector.

The annual gains reflect rising labour costs in labour-intensive service businesses such as machine repair and industrial facility renovation.

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