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Special aggregate index of the Services Producer Price Index (SPPI) based on labor cost ratio

Author

Listed:
  • Takemaro Yutani

    (Bank of Japan)

  • Edmundmichikazu Howard

    (Bank of Japan)

  • Tomoaki Yoshino

    (Bank of Japan)

  • Masato Higashi

    (Bank of Japan)

Abstract

This paper focuses on the cost structure of services covered by the SPPI to capture the impact of labor costs on the underlying inflation of the SPPI, reclassifying price indices based on the labor cost ratio.

Suggested Citation

  • Takemaro Yutani & Edmundmichikazu Howard & Tomoaki Yoshino & Masato Higashi, 2024. "Special aggregate index of the Services Producer Price Index (SPPI) based on labor cost ratio," Bank of Japan Review Series 24-E-6, Bank of Japan.
    • Handle: RePEc:boj:bojrev:rev24e06
    as

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    File URL: https://www.boj.or.jp/en/research/wps_rev/rev_2024/data/rev24e06.pdf
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    More about this item

    Keywords

    Wage; the Services Producer Price Index; Labor cost ratio;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

    NEP fields

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