The May 2020 T-Point Price Index fell 0.11 points to 0.59% compared to the same month last year, a reversal of three consecutive months of increases.

2020.06.09 Press Releases
CCC Marketing Co., Ltd. / Culture Convenience Club Co., Ltd.

The largest increase was for women aged 60-79 at 1.66%, while the smallest was for women aged 20-39 at 0.18%.

CCC Marketing Co., Ltd. and Culture Convenience Club Co., Ltd., which operate marketing platform businesses, 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 May 2020.

Digest of the T-Point Price Index for May 2020

After three consecutive months of increases, the index fell 0.11 points to 0.59% 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 May 2020 fell 0.11 points to 0.59% compared to the same month last year, a reversal from the previous month, which had seen three consecutive months of increases, but it remained positive. By business type, supermarkets rose 0.11 points to a record high of 3.81% compared to the same month last year. On the other hand, "drug stores" fell 0.44 points to 1.49% compared to the same month last year, and "convenience stores" also fell 0.08 points to 0.37% compared to the same month last year, continuing their downward trend.

The largest increase was among women aged 60-79 at 1.66%, while the smallest was among women aged 20-39 at 0.18%.

Looking at the TPI for May 2020 by gender and age group, in order of the largest increase compared to the same month last year, women aged 60-79 had a 1.66%, followed by men aged 60-79 at 0.81%, men aged 20-39 at 0.52%, men aged 40-59 at 0.51%, and women aged 40-59 at 0.27%. The smallest increase was for women aged 20-39 at 0.18%. The number of women aged 20-59 continued to rise from the previous month, but others fell, and the number of women aged 60-79, who saw a significant increase last month, also fell. By type of business, "supermarkets" saw an increase in all age groups except for men and women aged 20-39, while the percentage for those aged 40-79 and women remained in the 4% range. On the other hand, the downward trend for "drug stores" and "convenience stores" continued, with declines across both genders and all age groups.

*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 70.51 million people across Japan (number of members after name matching as of the end of April 2020) 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 the Kanto and Kansai regions, 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.

*These results are from a beta version and may be subject to change without notice.
*This information has not been created for the purpose of being used for any investment or economic transactions, and no express or implied guarantee is 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 do not bear any responsibility for the results of investments or transactions based on this index or any losses associated with them.
* No liability (direct or indirect) will be assumed as a result of using this index.
*No representation or warranty is 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 May 2020 T-Point Price Index fell 0.11 points to 0.59% compared to the same month last year, a reversal of three consecutive months of increases.

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CCC Marketing Co., Ltd.
Public Relations Officer: Ando and Nakagawa
TEL: 03-6800-4464