Japan's services producer price index rose 3.2 percent in June from a year earlier, according to a report. The measure tracks the prices companies charge each other for services.
The annual increase follows a revised 3.4 percent gain in May, the report said.
5.3 %
Transportation costs rose year-on-year in June.
Transportation costs rose 5.3 percent in June from a year earlier. The source attributed the high freight costs to rising fuel prices and supply disruptions from the Middle East conflict, which kept ocean and air freight charges elevated.
The rise in Japan's services producer price index is a sign of broadening inflationary pressure that will keep alive market expectations for further interest rate hikes, the source added.