Economic Indicators

Japan’s business-to-business service inflation hits 2.5% in May

2024.06.24 20:49

TOKYO (Reuters) – The price Japanese companies charge each other for services rose 2.5% in May from a year earlier, data showed on Tuesday, a sign prospects of steady wage increases are prompting more companies to pass on higher labour costs.

© Reuters. FILE PHOTO: People run with Tokyo's business district in the background, in Tokyo, Japan, April 7, 2021. Picture taken April 7, 2021. REUTERS/Kim Kyung-Hoon/File Photo

The year-on-year increase, however, slowed from the previous month’s 2.7% gain, Bank of Japan (BOJ) data showed.

An index measuring the price companies charge each other for services with high labour costs rose 2.5% in May from a year earlier, unchanged from April, the data showed.



Source link

Related Articles

Back to top button