Japan's May corporate service prices mark biggest gain in 8 months

  • 6/24/2021
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TOKYO, June 24 (Reuters) - Japan saw the price companies charge each other for services rise 1.5% in May from a year earlier, marking the fastest pace of increase in eight months, Bank of Japan data showed on Thursday. The increase in the services producer price index, which followed a 1.1% gain in April, was driven largely by a rebound in transportation and advertisement fees that slumped last year due to the coronavirus pandemic, the data showed. (Reporting by Leika Kihara; Editing by Jacqueline Wong) Our Standards: The Thomson Reuters Trust Principles.

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