Bank of Japan : Services Producer Price Index (Dec.)

Bank of Japan

Research and Statistics Department

FOR RELEASE 8:50 A.M.

Tuesday, January 26, 2021

Monthly Report on the Services Producer Price Index

( Preliminary Figures for December 2020 )

The Services Producer Price Index (All items ) fell 0.2 percent from the previous year.

										CY2015 = 100, %
					All items
									(Ref.) All items
								(excluding International transportation)
			Index		Yearly		Monthly	Index	Yearly		Monthly
				change		change	change		change
CY	2018		102.2		1.2		-	102.2	1.1		-
	2019		103.3		1.1		-	103.3	1.1		-
	2020		104.1		0.8		-	104.2	0.9		-
2019/ Nov.		105.0		2.1		0.2	105.0	2.1		0.3
	Dec.		105.0		2.1		0.0	104.9	2.0		-0.1
2020/	Jan.		104.6		2.2		-0.4	104.6	2.2		-0.3
	Feb.		104.6		2.1		0.0	104.6	2.0		0.0
	Mar.		104.6		1.4		0.0	104.7	1.5		0.1
	Apr.		103.8		0.8		-0.8	103.8	0.7		-0.9
	May		103.2		0.4		-0.6	103.3	0.5		-0.5
	June		103.5		0.8		0.3	103.6	0.9		0.3
	July		103.9		1.1		0.4	104.0	1.2		0.4
	Aug.		103.9		1.1		0.0	104.0	1.2		0.0
	Sep.		104.1		1.4		0.2	104.2	1.5		0.2
	Oct.		104.3	r	-0.5		0.2	104.4	-0.3		0.2
	Nov.	r	104.5	-0.5	r	0.2	104.6	-0.4		0.2
	Dec.		104.6		-0.4		0.1	104.7	-0.2		0.1
Preliminary Figures

Notes: 1. "International transportation" consists of the following 5 items (the same applies to the following pages) :

Notes: 1. "International air passenger transportation," "Ocean freight transportation (except Ocean tankers)," "Ocean tankers,"

Notes: 1. "International air freight transportation," and "International mail services."

Notes: 2. r: revised figures

( Developments in Price Index )

108	(CY2015 = 100)
	Services Producer Price Index
106	Services Producer Price Index
Producer Price Index
104
102
100
98
96
94	CY 2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
						1

(All items and the details contributing to the monthly differences of yearly changes in December)

	Monthly	Yearly change (%)
	difference of
	yearly changes	Nov.	Dec.
	(%point)
All items	0.1	-0.5	-0.4

▽Details contributing to the monthly differences of yearly changes in December

		Monthly differences	Yearly change (%)
	Major groups・Subgroups	of contribution			Items
	to yearly changes
		(%point)	Nov.	Dec.
＋:	Advertising services	0.14	-4.3	-1.6
	＋: Television advertising	0.09	-7.5	-3.0	Television advertising (spot advertising), Television
	advertising (program sponsorships)
	＋: Internet advertising	0.03	-2.9	-0.3	Internet advertising
	＋: Newspaper advertising	0.01	-3.0	0.0	Newspaper advertising
	＋: Magazine advertising	0.01	-15.2	-7.0	Magazine advertising
＋: Other services	0.01	0.2	0.2
	Civil engineering and architectural
	＋: services	0.04	1.7	3.0	Civil engineering design services, Surface surveying
	－: Worker dispatching services	-0.02	4.3	3.9	Dispatch of professional and engineering workers,
					Dispatch of manufacturing and logistics workers
	－: Hotels	-0.01	-28.3	-32.5	Hotels
－: Information and communications	-0.03	-0.1	-0.3
	Information processing and information				Entrusted computing services (except Cloud
	－: providing services	-0.02	0.3	-0.2	application)
	－: Software development	-0.01	0.1	-0.1	Custom software (except Embedded software)
	＋: Internet based services	0.01	-2.1	-1.7	Web portals
－:	Real estate services	-0.02	-0.8	-1.0
	－: Office space rental	-0.01	3.6	3.3	Office space rental (Tokyo area)
	－: Other space rental	-0.01	-4.3	-4.4	Sales space rental
－:	Leasing and rental	-0.01	-0.5	-0.6
	－: Leasing	-0.02	-0.5	-0.8	Car leasing, Leasing of machinery and equipment for
	commercial and other services
	＋: Rental	0.01	-0.6	-0.3	Computer rental
－: Finance and insurance	-0.01	-0.7	-0.9
	－: Financial services (commission)	-0.01	-0.3	-0.6	Money transmission and receipt

▽Contribution of each Major group to the yearly change in December

	Major groups	Contribution to	Subgroups
	yearly change**
		(%point)
All items	-0.40
	Real estate services	-0.10	Other space rental
	Transportation and postal activities	-0.10	Ocean freight transportation, Domestic air passenger transportation, Airport
	& air traffic control and services relating to air transport
	Advertising services	-0.08	Television advertising, Other advertising services, Magazine advertising
	Information and communications	-0.05	Internet based services, Access charges, Software development
	Leasing and rental	-0.05	Leasing, Rental
	Finance and insurance	-0.04	Property and casualty insurance services, Financial services (commission)
	Other services	0.09	Worker dispatching services, Civil engineering and architectural services,
	Building maintenance

Notes: 1. "Monthly differences of yearly changes" is obtained by subtracting yearly changes of previous month from those of present month.

Notes: 2. * : "International transportation"

Notes: 3. ** : The figure of "All items" is yearly change and not contribution to yearly change.

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Services Producer Price Index

( Preliminary Figures for December 2020 )

( Indexes of Major Groups and Subgroups )							CY2015 = 100, %
		Weight	Index	Previous	Yearly	Previous	Monthly	Previous
		month	change	month	change	month
	All items	1,000.0	104.6	r 104.5	-0.4	r	-0.5	0.1	r	0.2
	Finance and insurance	48.3	102.3	102.2	-0.9		-0.7	0.1		0.0
	Financial services (commission)	34.7	102.4	r 102.4	-0.6	r	-0.3	0.0	r	0.0
	Property and casualty insurance services	13.6	102.0	101.9	-1.6		-1.5	0.1		0.1
	Real estate services	94.5	106.6	r 106.0	-1.0	r	-0.8	0.6	r	0.1
	Real estate agency and management services	23.9	108.1	r 107.9	0.1	r	0.1	0.2	r	-0.4
	Office space rental	26.5	116.2	115.9	3.3		3.6	0.3		0.3
	Other space rental	44.1	100.0	r 99.0	-4.4		-4.3	1.0	r	0.2
	Transportation and postal activities	158.0	105.7	105.2	-0.7		-0.7	0.5		-0.1
	Railroad passenger transportation	19.8	102.9	101.9	0.0		0.0	1.0		-1.0
	Road passenger transportation	9.7	105.5	106.9	2.1		1.8	-1.3		-0.3
	Water passenger transportation	0.3	104.3	104.0	1.2		0.9	0.3		0.2
	International air passenger transportation	1.2	99.3	99.2	-8.3		-9.5	0.1		0.6
	Domestic air passenger transportation	6.0	102.7	97.4	-4.3		-3.8	5.4		1.6
	Railroad freight transportation	0.9	110.7	111.2	1.6		1.7	-0.4		-0.4
	Road freight transportation	55.0	111.0	110.7	0.2		0.3	0.3		0.1
	Ocean freight transportation	7.6	90.9	87.9	-17.6		-17.8	3.4		-1.7
	Coastal and inland water freight transportation	5.0	102.6	r 102.6	-1.8	r	-1.7	0.0	r	0.2
	Marine cargo handling	7.4	100.9	100.9	0.0		0.0	0.0		0.0
	International air freight transportation	1.0	128.6	122.1	76.4		56.9	5.3		4.3
	Domestic air freight transportation	0.4	146.0	141.2	39.6		43.6	3.4		-5.3
	Warehousing and storage	13.0	101.7	101.7	0.6		0.6	0.0		-0.2
	Packing for freight	6.3	102.7	102.7	-0.3		-0.3	0.0		0.0
	Toll roads	10.6	103.9	103.9	0.0		0.0	0.0		0.0
	Services relating to water transport	0.4	100.5	100.5	0.0		0.0	0.0		0.0
	Airport & air traffic control and services relating	3.9	100.1	100.1	-4.7		-4.7	0.0		0.0
	to air transport
	Postal services and mail delivery	9.5	109.3	109.3	0.0		0.0	0.0		0.0
	Information and communications	228.3	102.5	r 102.5	-0.3	r	-0.1	0.0	r	0.1
	Fixed telecommunications services	24.1	101.7	101.7	0.1		0.1	0.0		0.0
	Mobile telecommunications services	16.5	91.2	91.2	-0.1		-0.1	0.0		0.0
	Access charges	16.2	94.7	94.7	-0.6		-0.6	0.0		0.0
	Broadcasting services	2.5	99.6	99.6	-1.5		-1.5	0.0		0.0
	Software development	75.0	107.3	r 107.3	-0.1	r	0.1	0.0	r	0.2
	Information processing and information	54.1	102.1	102.2	-0.2		0.3	-0.1		0.0
	providing services
	Internet based services	19.6	101.7	r 101.0	-1.7	r	-2.1	0.7	r	0.2
	Video picture information production	8.0	100.3	100.3	-0.1		-0.1	0.0		0.0
	Newspapers	4.5	104.8	104.8	0.0		0.0	0.0		0.0
	Publishing	7.8	106.2	106.2	0.4		0.4	0.0		0.1
Note: r: revised figures						( Continued on the following page )

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( Indexes of Major Groups and Subgroups )

CY2015 = 100, %

		Weight
	Leasing and rental	79.2
	Leasing	54.3
	Rental	24.9
	Advertising services	49.2
	Television advertising	19.2
	Newspaper advertising	4.1
	Magazine advertising	1.3
	Leaflet advertising	4.1
	Internet advertising	10.9
	Other advertising services	9.6
	Other services	342.5
	Sewage disposal	9.0
	Waste disposal	17.9
	Motor vehicle repair and maintenance	23.3
	Machinery repair and maintenance	42.9
	Legal and accounting services	38.1
	Other professional services	3.3
	Civil engineering and architectural services	29.8
	Commodity inspection, non-destructive testing	6.6
	and surveyor certification services
	Other technical services	19.8
	Employment services	5.6
	Worker dispatching services	41.1
	Training and development services	4.2
	Health and hygiene	6.9
	Building maintenance	49.0
	Security services	16.9
	Call centers	4.0
	Hotels	10.0
	Meal supply services	6.2
	Laundry services	7.9

Index	Previous	Yearly	Previous	Monthly	Previous
month	change	month	change	month
100.0	r 100.4	-0.6	r	-0.5	-0.4	r	0.1
99.8	r 100.1	-0.8	r	-0.5	-0.3	r	0.1
100.5	100.9	-0.3		-0.6	-0.4		0.1
103.8	102.6	-1.6		-4.3	1.2		3.3
101.4	99.8	-3.0		-7.5	1.6		7.2
100.8	98.1	0.0		-3.0	2.8		-6.3
86.2	87.2	-7.0		-15.2	-1.1		-0.8
104.5	r 104.5	0.7	r	0.8	0.0	r	0.3
109.5	107.8	-0.3		-2.9	1.6		5.3
105.7	r 105.4	-1.0		-0.8	0.3	r	-0.2
106.4	r 106.7	0.2	r	0.2	-0.3	r	0.2
101.9	101.9	0.0		0.5	0.0		0.0
107.2	107.2	1.3		1.3	0.0		0.0
102.9	102.9	0.4		0.4	0.0		0.0
103.6	103.6	0.2		0.2	0.0		0.0
99.8	99.8	0.0		0.0	0.0		0.0
103.4	103.5	-0.9		-0.8	-0.1		0.0
120.2	r 119.9	3.0	r	1.7	0.3	r	0.8
104.6	104.6	0.6		0.6	0.0		0.0
104.0	103.8	0.2		0.1	0.2		0.0
111.5	r 110.6	-0.1	r	-0.5	0.8	r	-0.6
115.9	r 116.1	3.9	r	4.3	-0.2	r	-0.2
104.0	104.0	0.3		0.3	0.0		0.0
104.1	104.1	0.0		0.0	0.0		0.0
105.9	105.9	1.0		1.0	0.0		0.0
117.5	117.6	1.1		1.2	-0.1		0.0
105.5	105.5	-0.1		-0.1	0.0		0.0
68.0	r 79.1	-32.5	r	-28.3	-14.0	r	7.6
106.1	106.1	1.9		1.9	0.0		0.1
103.6	103.6	0.0		0.0	0.0		0.0

Note: r: revised figures
( References and Reference Indexes )								CY2015 = 100, %
		Weight	Index	Previous	Yearly	Previous	Monthly	Previous
		month	change	month	change	month
	All items (excluding International transportation)	989.5	104.7		104.6	-0.2		-0.4	0.1		0.2
	Transportation and postal activities	147.5	106.4		106.0	0.0		0.0	0.4		-0.1
	(excluding International transportation)
	International transportation	10.5	96.3		93.6	-9.3		-10.3	2.9		-0.5
	Intellectual properties licensing (export)		89.8	r	89.5	-2.8	r	-2.7	0.3	r	-0.4
	Intellectual properties licensing (import)		87.6	r	87.8	-0.8	r	-0.3	-0.2	r	-0.5

Note: r: revised figures

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