The August 2019 T-Point Price Index continued to fall from the previous month, dropping 0.05 points from the previous month to 1.70% compared to the same month last year.

2019.09.18 Press Releases
CCC Marketing Co., Ltd. / Culture Convenience Club Co., Ltd.

The TPI measures prices excluding consumption tax (excluding tax), but will need to be revised to accommodate the consumption tax increase and the introduction of a reduced tax rate from October onwards. In the meantime, provisional figures will be published. In addition, revisions may be made after the provisional figures are published. Thank you for your understanding. The revised TPI is scheduled to be published in the new year. For more information, please contact tpi-pj@ccc.co.jp.
The largest increase was 2.59% for men aged 40-59, and the smallest was 0.17% for women aged 20-39.

CCC Marketing Co., Ltd. and Culture Convenience Club Co., Ltd., which operate a marketing platform business, have announced the "T-POINT Price Index" (hereinafter "TPI"), a price index that utilizes T-Point data, as part of a joint project with the Watanabe Tsutomu Laboratory at the Graduate School of Economics, The University of Tokyo. We are pleased to announce the TPI for August 2019.

Digest of the T-Point Price Index for August 2019

●Continuing from the previous month, the figure fell 0.05 points from the previous month to 1.70% 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 August 2019 continued to fall from the previous month, falling to 1.70% compared to the same month last year, remaining in the 1% range for the second consecutive month. By business type, "supermarkets" are on the rise, rising 0.14 points from the previous month to 0.58% compared to the same month last year, while "drugstores" have reversed the increase from last month, falling 0.32 points from the previous month to 1.35% compared to the same month last year. "Convenience stores" continued to decline from last month, falling 3.96% compared to the same month last year.

The largest increase was among men aged 40-59 at 2.59%, while the smallest was among women aged 20-39 at 0.17%.
Looking at the TPI for August 2019 by gender and age group, in order of the largest increase compared to the same month last year, was 2.59% for men aged 40-59, followed by 2.45% for men aged 60-79, 2.04% for men aged 20-39, 1.71% for women aged 60-79, and 1.40% for women aged 40-59. The smallest increase was 0.17% for women aged 20-39. Compared to the previous month, the price index for women aged 40 to 79 increased, while it decreased for everyone else, but the price index for men remains in the 2% range. In addition, there is a difference of 2.42 points between women aged 20-39, who have the smallest rate of increase, and men aged 40-59, who have the largest rate of increase. As a result, the price index for women aged 20-39 has fallen by approximately 1% compared to two months ago. By business type, "supermarkets" saw a decline for men of all age groups, while it increased for women of all age groups. "Drugstores" saw a decline for all age groups, a reversal from last month when it rose. Convenience stores also saw a decline but remained roughly flat, remaining in the 4% range for both men and women aged 40-59 and 60-79, excluding younger generations, as in the previous month.

*You can view data by selecting from three business types: "supermarket," "drugstore," and "convenience store."Please note that "restaurant chains" cannot be viewed by selecting 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 purchase amounts obtained from T-Card purchasing data, which is used by 69.76 million people across Japan (number of members after name matching as of the end of August 2019) and has related sales of over 8 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. The store areas are as follows: supermarkets are mainly in the Tokyo metropolitan area and Kyushu, drug stores 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 August 2019 T-Point Price Index continued to fall from the previous month, dropping 0.05 points from the previous month to 1.70% 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 Officer: Ando and Nakagawa
TEL: 03-6800-4464