The Bank of Japan’s preliminary September release shows services producer prices rising 3.7% from a year earlier, compared with a revised 3.5% in August. Prices increased 0.3% on the month. Excluding international transportation, annual inflation was unchanged at 2.9%. Ocean freight and hotels contributed to the headline acceleration, while advertising offset part of it. The release reports producer prices and supplies no interest-rate decision or currency forecast.
Related currencies / asset groups: JPY
The Bank of Japan reports preliminary September annual services producer-price inflation of 3.7%, following a revised 3.5% in August.
Bank of JapanExcluding international transportation, September annual services producer-price inflation remained 2.9%.
Bank of JapanOcean freight and hotels contributed to the acceleration in annual inflation, while advertising services offset part of it.
Bank of JapanLimitation: September figures are preliminary; the annual rate excluding international transportation was unchanged.
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