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

Takemaro Yutani, Edmundmichikazu Howard, Tomoaki Yoshino and Masato Higashi
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Takemaro Yutani: Bank of Japan
Edmundmichikazu Howard: Bank of Japan
Tomoaki Yoshino: Bank of Japan
Masato Higashi: Bank of Japan

No 24-E-6, Bank of Japan Review Series from 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.

Keywords: Wage; the Services Producer Price Index; Labor cost ratio (search for similar items in EconPapers)
JEL-codes: E31 (search for similar items in EconPapers)
Date: 2024-06-18
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Persistent link: https://EconPapers.repec.org/RePEc:boj:bojrev:rev24e06

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