Jiji Press
11:23 JST, April 26, 2022
TOKYO (Jiji Press) — Services producer prices in Japan rose 1.3% from a year before to a 21-year high in March as freight costs soared due to Russia’s invasion of Ukraine, the Bank of Japan said Monday.
The services producer price index, which measures costs for services provided to corporate customers, stood at 106.7 against the 2015 base of 100, rising for the 13th straight month and hitting a level unseen since April 2001, when the index was at 107.1.
Ocean freight transportation fees surged 43.9% after European countries rushed to source coal and grains from Latin America and elsewhere, instead of Russia.
International air freight transportation fees jumped 40.7% to their highest level since statistics began in 1985. The Ukraine war reduced air cargo capacity and lifted fuel costs for detour routes.
Popular Articles
Popular articles in the past 24 hours
-
Facial Recognition Gains Traction, Driven by Seamless Payments; S...
-
China Strikes Friendly Pose Ahead of Upper House Poll,But Provoca...
-
Shohei Ohtani Crushes 32nd Home Run into San Francisco's McCovey ...
-
US Customs Duties Top $100 Billion for First Time in A Fiscal Yea...
-
CARTOON OF THE DAY (July 12)
-
Trump Tours Texas Flood Sites and Defends Officials amid Mounting...
-
Freelance Law: Companies Must Make Efforts to Reform Their Mindse...
-
State Department Lays Off over 1,300 Employees under Trump Admini...
Popular articles in the past week
-
Canada and Japan: Partners in a Dangerous Time
-
More Residents to Evacuate from Japan's Akusejikima Island After ...
-
Tokyo’s Nerima Ward Marks 110 Millimeters of Rain in 1 Hour; Heav...
-
Upper-5 Quakes Strike Akusekijima Island in Rapid Succession; Aut...
-
South Korea's Former President Questioned over Treason Accusation...
-
2 Women Killed in Stabbing at Hamamatsu Bar; Suspect in Custody
-
Japan to Export Used Destroyers to Philippines, as Both Countries...
-
Measles-Infected Person Visited Kansai Expo on June 21; Same-Day ...
Popular articles in the past month
-
Japan's Agriculture Ministry Starts Survey of Rice Farmers Across...
-
Japan Eyes Hosting Major International Standards Conference in 20...
-
Tariff-Free Rice to Be Auctioned Off 3 Months Early, as Japan See...
-
Agriculture Minister Considers Review of Japan's Rice Harvest Sta...
-
Japan's Core Inflation Hits 2-year High, Keeps Rate-Hike Bets Ali...
-
Carmakers’ Anxiety Grows as U.S. Tariff Talks Stall;Japan Exporte...
-
Japan to Collaborate with 3 European Countries on Infrastructure ...
-
Over 300 Earthquakes Rumble in Sea Off Japan's Kagoshima Pref. Is...
"Business" POPULAR ARTICLE
-
Japan’s Agriculture Ministry Starts Survey of Rice Farmers Across Japan on Production Outlook
-
Japan Eyes Hosting Major International Standards Conference in 2029; Govt Making Plans to Host IEC Event in Yokohama
-
Agriculture Minister Considers Review of Japan’s Rice Harvest Statistics (UPDATE 1)
-
Japan’s Core Inflation Hits 2-year High, Keeps Rate-Hike Bets Alive
-
Carmakers’ Anxiety Grows as U.S. Tariff Talks Stall;Japan Exporters May Have No Choice But to Raise Prices
JN ACCESS RANKING
-
Japan’s Agriculture Ministry Starts Survey of Rice Farmers Across Japan on Production Outlook
-
Japan Eyes Hosting Major International Standards Conference in 2029; Govt Making Plans to Host IEC Event in Yokohama
-
Agriculture Minister Considers Review of Japan’s Rice Harvest Statistics (UPDATE 1)
-
Japan’s Core Inflation Hits 2-year High, Keeps Rate-Hike Bets Alive
-
Carmakers’ Anxiety Grows as U.S. Tariff Talks Stall;Japan Exporters May Have No Choice But to Raise Prices