T-Point Price Index for August 2020: Down 0.06 points from the previous month and -0.30% compared to the same month last year, marking the third consecutive month of decline

2020.09.08 Press Releases
CCC Marketing Co., Ltd. / Culture Convenience Club Co., Ltd.

The largest increase was for men aged 60-79 at -0.06%, while the smallest was for women aged 40-59 at -0.61%.

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 2020.

Digest of the T-Point Price Index for August 2020

Down 0.06 points from the same month last year, down 0.30%, the third consecutive month of decline

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 2020 fell 0.06 points from the previous month and was down 0.30% compared to the same month last year, marking the third consecutive month of decline. By business type, supermarkets fell 0.51 points to 0.21% compared to the same month last year, remaining in the 0% range for the second consecutive month. Drugstores rose 0.11 points to 0.32% compared to the same month last year, while convenience stores fell 0.01 points to 0.06%, the same results as January 2017, when it reached its lowest level ever, at 0.06% compared to the same month last year.

The largest increase was for men aged 60-79 at -0.06%, while the smallest was for women aged 40-59 at -0.61%.

Looking at the TPI for August 2020 by gender and age group, in order of the largest year-on-year increase compared to the same month last year, men aged 60-79 were -0.06%, followed by men aged 40-59 at -0.08%, women aged 60-79 at -0.16%, men aged 20-39 at -0.20%, and women aged 20-39 at -0.43%, with the smallest increase being women aged 40-59 at -0.61%. The figure for men fell among the senior age group, and for women, except for younger age groups, it also fell. In particular, women aged 60 to 79 saw negative results for the first time in six months. By business type, supermarkets continued to decline across both genders and all age groups, resulting in negative results for men of all age groups for the first time in 1 year and 5 months. For "drugstores," women aged 20-39 remained flat from the previous month at 0.03%, while women aged 40-59 fell 0.01 points to 0.34%, while all other men and women and all age groups saw increases. The results for "convenience stores" remained flat from the previous month for both men and women 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 70.65 million people across Japan (number of members after name matching as of the end of July 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.

[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

T-Point Price Index for August 2020: Down 0.06 points from the previous month and -0.30% compared to the same month last year, marking the third consecutive month of decline

Inquiries regarding this matter

■ Inquiries regarding TPI
CCC Marketing Co., Ltd.
MAIL: tpi-pj@ccc.co.jp

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