Japan’s Services Producer Price Index accelerated from 3.6% to 3.7% y/y in August, marking the fastest annual increase in more than two years and keeping service-sector price pressures elevated. But the headline overstates the breadth of the acceleration. Excluding international transportation, SPPI was unchanged at 3.2% y/y, while international transportation inflation jumped from 58.2% to […]
The post Japan’s Service Inflation Accelerates to 3.7%, but Freight Distorts the Headline appeared first on ActionForex.
