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Japan's business-to-business service inflation hits 2.5% in May

Reuters
·1-min read
People run with Tokyo's business district in background, in Tokyo

TOKYO (Reuters) - The price Japanese companies charge each other for services rose 2.5% in May from a year earlier, data showed on Tuesday, a sign prospects of steady wage increases are prompting more companies to pass on higher labour costs.

The year-on-year increase, however, slowed from the previous month's 2.7% gain, Bank of Japan (BOJ) data showed.

An index measuring the price companies charge each other for services with high labour costs rose 2.5% in May from a year earlier, unchanged from April, the data showed.

(Reporting by Leika Kihara; Editing by Muralikumar Anantharaman)