[July 2021 T-Point Price Index] Increased for the second consecutive month, down 0.06 points from the previous month to 0.83% compared to the same month last year

2021.08.06 Press Releases
CCCMK Holdings Co., Ltd. / Culture Convenience Club Co., Ltd.

The largest increase was for men aged 40-59, at 1.84%, while the smallest was for women aged 20-39, at -0.12%.

CCC Marketing Co., Ltd. and Culture Convenience Club Co., Ltd., which are engaged in marketing solutions 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 July 2021.

CCC Marketing Co., Ltd. and Culture Convenience Club Co., Ltd., which are engaged in marketing solutions 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 July 2021.

Digest of the T-Point Price Index for July 2021

● Positive for the second consecutive month, up 0.06 points from the previous month to 0.83% 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 July 2021 was down 0.06 points from the previous month and 0.83% compared to the same month last year, marking the second consecutive month of positive growth. By business type, supermarkets rose 0.67 points from the previous month, down 0.36% compared to the same month last year, marking the second consecutive month of increase from the lowest figure since TPI compilation began. Drugstores were down 0.23 points compared to the previous month, at -0.35% compared to the same month last year, and convenience stores were down 0.05 points to 3.87% compared to the same month last year.

The largest increase was for men aged 40-59 at 1.84%, while the smallest was for women aged 20-39 at -0.12%.

Looking at the TPI for July 2021 by gender and age group, in order of the largest increase compared to the same month last year, the highest was 1.84% for men aged 40-59, followed by 1.81% for men aged 60-79, 1.03% for men aged 20-39, 0.30% for women aged 60-79, and 0.26% for women aged 40-59.The smallest increase was -0.12% for women aged 20-39, resulting in an increase only for both men and women aged 60-79, and the first increase for women aged 60-79 in five months. By type of business, "supermarkets" saw an increase for two consecutive months among both men and women and all age groups, but the negative trend continues. "Drug stores" saw a decline for men and all age groups except for those aged 60-79 and women, in stark contrast to the previous month when it rose for both men and women of all ages. "Convenience stores" also saw a decline for both men and women of all ages except for those aged 60-79 and women of all ages.

*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 70.68 million people across Japan (number of members after name matching as of the end of June 2021) 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

[July 2021 T-Point Price Index] Increased for the second consecutive month, down 0.06 points from the previous month to 0.83% compared to the same month last year

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