YoY Change in Japan's Corporate Service Price Index
Japan| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-on-year change in the Corporate Services Price Index (CSPI) is an indicator that shows how prices for services provided by Japanese businesses have changed compared to the same month of the previous year. This data is published monthly by the Bank of Japan and is crucial for evaluating trends in prices for corporate services.
Year-on-year data helps in understanding the extent of price fluctuations in corporate services. An increase in the price index indicates rising costs for businesses, which may eventually lead to consumer price increases. Conversely, a decrease may indicate reduced costs for businesses, posing risks of deflation.
This data serves as important reference material for policymakers to assess inflationary pressures and formulate appropriate monetary policies. For instance, if service prices are sharply increasing, the central bank may consider raising interest rates to curb inflation. Conversely, if prices are decreasing, there might be a need to strengthen economic stimulus measures. Additionally, it provides vital information for businesses and investors to gauge trends in service prices and economic outlook.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
