Japan's business services prices rise 1.8% yoy in Feb - BOJ

Kitco Media
By Reuters
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Updated:
Reuters
TOKYO, March 27 (Reuters) - Japan's business-to-business services prices rose 1.8% in February from a year earlier, accelerating the pace of increase for a second straight month in a sign inflationary pressure was broadening, Bank of Japan (BOJ) data showed on Monday. The year-on-year rise in the services producer price index, which measures the prices companies charge each other for services, followed a 1.6% increase in January, the data showed. (Reporting by Leika Kihara; Editing by Jamie Freed)

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