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Corporate Services Price Index


Report name: Industrial Production
Issued by: Bank of Japan
Release schedule: Monthly (Near the end of each month for the previous month)

Description: This monthly report shows nationwide data for price changes in corporate services. The 200 average is set at 100. Headline services in the report are: Finance and insurance, Real estate services, Transportation, Communications and broadcasting services, Advertising services, Information services, Leasing and rental, and Other services.

Most recent results: Published June 26, 2007. The Bank of Japan’s Corporate Services Price Index rose 1.4 percent in May. This is the tenth consecutive increase in the index, and last month’s pace of growth was the highest seen since July 1992 (when the consumption-tax fueled rise of 1997 is factored out).

Amongst the category headers, transportation prices led the way, up by 6.0 percent. Following that:

* Other services were up 1.0 percent.
* Information services were up 0.9 percent.
* Communication and broadcasting prices were unchanged.
* Leasing and rental was down 1.0 percent.
* Advertising services were down 2.0 percent.
* Finance and insurance fell 0.6 percent.
* Real estate services fell 0.8 percent.

It should be noted that the rise in transportation prices, which drove the overall increase, was attributed to exports of coal and iron ore to China. In other words, Chinese demand certainly plays a role in these figures.

Last update to this page: June 30, 2007

Related Post(s): Bank of Japan: May Corporate Services Price Index up 1.4%