The price level of services provided to businesses in June increased by 1.4% due to the rise in TV advertising fees and office rents that fell last year due to the corona virus, and the previous year for the fourth consecutive month. It exceeded the same month of.
The June preliminary figures for corporate service prices released by the Bank of Japan were 105.0, an index with an average of 100 in 2015, 1.4% higher than the same month of the previous year, rising for the fourth straight month. did.
By sector, “TV advertising” rose 33.7% and “office leasing” rose 2.3%.
This is believed to have been due to the spread of the new coronavirus infection, which was a reaction to the sharp drop in prices last year due to companies refraining from advertising to keep costs down and office demand slumping.
In addition, “sea freight transportation” by ship also increased by 31% against the backdrop of an increase in exports.
The Bank of Japan said, "Although it has been on a gradual uptrend recently, we would like to pay attention to the impact of the infection trend of the new coronavirus mutant strain on future service prices."