The T-Point Price Index for January 2017 was 0.53% compared to the same month last year.

2017.02.08 Press Releases
CCC Marketing Co., Ltd. / Culture Convenience Club Co., Ltd.

The largest increase was among men aged 40 to 59 at 0.69%, while the smallest was among women aged 20 to 39 at 0.35%.

CCC Marketing Co., Ltd. and Culture Convenience Club Co., Ltd., which are engaged in database marketing business, have announced the "T-POINT Price Index (TPI)" (hereinafter "TPI"), a price index that utilizes T-Point data, as a joint project with the Watanabe Tsutomu Laboratory of the Graduate School of Economics at the University of Tokyo. We are pleased to announce that the TPI for January 2017 has been released.

January 2017 T-Point Price Index Digest

The T-Point Price Index (TPI) for January 2017 was 0.53% compared to the same month last year.
TPI uses the amount of purchases made using T Cards at T Point partner stores such as supermarkets, drugstores, convenience stores, and restaurant chains. The TPI for January 2017 was 0.53% compared to the same month last year, and has remained flat for the past six months, continuing the upward trend since June 2016. By business type, supermarkets were down 0.03% compared to the same month last year, drugstores were down 0.08%, and convenience stores were down 0.66%.

The largest increase was among men aged 40-59 at 0.69%, while the smallest was among women aged 20-39 at 0.35%.
Looking at the TPI for January 2017 by gender and age group, in order of the largest increase compared to the same month last year, men aged 40-59 were 0.69%, men aged 20-39 were 0.61%, women aged 40-59 were 0.56%, men aged 60-79 were 0.48%, and women aged 60-79 were 0.36%, with the smallest increase being women aged 20-39 at 0.35%. By type of business, the price index for women generally tended to be higher in "supermarkets," while the inflation rate for seniors tended to be relatively higher in "drugstores" and "convenience stores."

*You can view data by selecting from three business types: "supermarket," "drugstore," and "convenience store."Please note that "restaurant chains" cannot be selected and viewed by business type.
*Daily index data is up to three days prior.

What is TPI?
The Consumer Price Index (CPI) is known as an economic thermometer that indicates economic trends. On the other hand, the TPI is an index compiled based on purchase price data accumulated daily through T-Point partner stores across Japan. Specifically, this price index was derived by aggregating, tabulating, and analyzing the purchase amounts obtained from T-Card purchasing data, which is used by 61.32 million people across Japan (number of T-Card members as of the end of December 2016 (annual usage, T-Card holders, name matching)) and has related sales of over 6 trillion yen, which accounts for approximately 2% of Japan's total consumption.

About TPI
The data currently used by TPI collects the amount of purchases involving T-Cards at T-Point partner stores such as supermarkets, drugstores, convenience stores, and restaurant chains. Store areas are as follows: supermarkets are mainly in the Tokyo metropolitan area and Kyushu, drugstores are mainly in Kanto, Kansai and Kyushu, and convenience stores and restaurant chains are nationwide. Currently, the number of products (SKUs) covered by TPI is approximately 110,000, with 191 of the 580 items being utilized, resulting in a coverage of 23.4% when the Ministry of Internal Affairs and Communications CPI is taken as 100%. The amount used to calculate TPI is excluding consumption tax (excluding tax). Additionally, while no special consideration is given to sale items, all products with sales history for both the previous and current periods are used to compile TPI. Please note that the number of members covered by TPI, as well as the transaction amount and number of uses, have not been disclosed.

TPI Features
The features of TPI are that it allows you to see the price index by gender and age group, and that it is a price index based on buying prices rather than selling prices. The TPI is calculated using the Tornqvist method, which is the same as the University of Tokyo Daily Price Index. This calculation method places more weight on products purchased in larger quantities, and there is a consensus among researchers that it is the best method for creating a price index.

[Disclaimer]
*These results are from a beta version and may be subject to change without notice.
*This information is not intended for use in any investment or economic transactions, and no express or implied guarantees are made, including as to its commercial usefulness or usefulness for any particular purpose.
*Please fully understand the nature of this index and use it at your own risk.
*We are not responsible for any losses resulting from investments or transactions based on this index.
*We do not assume any liability (direct or indirect) arising from the use of this index.
*No representations or warranties are made regarding the accuracy, completeness, precision, reliability, etc. of this index.
*Reproduction of this content without permission is strictly prohibited.

Materials related to this matter

The T-Point Price Index for January 2017 was 0.53% compared to the same month last year.

Inquiries regarding this matter
■ Inquiries regarding TPI
CCC Marketing Co., Ltd. Data Science Lab
MAIL: tpi-pj@ccc.co.jp

■Inquiries from the press
CCC Marketing Co., Ltd. Public Relations: Ando
TEL: 03-6800-4464