Recap of Japan services PPI – highest since November 2001

Reuters have a recap up with a little more detail if you are interested. 

  • eighth straight month of gains
  • The key driver behind the October services price rise was transportation fees … The cost of ocean freight transportation spiked 52.0% in October from a year earlier after a 34.9% gain in September

On Friday we’ll get Tonyo area inflation data for November. Let’s see if any of the wholesale price level increase flows through to consumer prices:

This
snapshot from the ForexLive economic data calendar, access
it here
.

  • The
    times in the left-most column are GMT. 
  • The
    numbers in the right-most column are the ‘prior’ (previous month)
    result. 
  • The
    number in the column next to that, where is a number, is what is the
    consensus median expected. 

Data post is here from earlier: Japan PPI Services for October 1% y/y (expected 1.2%, prior 0.9%)

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