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Japan Corporate Services Price Index rises to 2.8% annually from 2.3%

He Japan's Corporate Services Price Index, a measure of input prices paid by corporations, rose to 2.8% for the year ended Aprilcompared to 2.3% annualized the previous month.

The increase in corporate inflation in April represents the highest rate of price growth affecting corporations since 2015.

About the Japan Corporate Services Price Index

The Corporate Services Price Index (CSPI) published by the Bank of Japan measures the prices of services traded between companies. It presents price developments that more sensitively reflect the conditions of supply and demand in the services market. It is also considered an indicator of inflationary pressures. Typically, a high reading is considered positive (or bullish) for the JPY, while a low reading is considered negative (or bearish).

Source: Fx Street

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