Japan's service prices rise for 7th straight month on freight cost gains

[TOKYO] The prices that Japanese companies charge each other for services rose 0.9 per cent in September from a year earlier, marking a seventh straight month of gains, central bank data showed on Tuesday.

The increase in the services producer price index was just below a 1.0% gain marked in August, the data showed.

The key driver behind the September rise was transportation fees, with the cost of ocean freight transportation spiking 34.9 per cent from a year earlier and air freight up 28.5 per cent, the data showed.

REUTERS

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