Corporate Service Price Index for January y/y,
- expected was +1.2%, prior was 1.1%, revised from +1.3%
- For the m/m, comes in at -0.6% (vs. prior +0.2%)
The Corporate Services Price Index (CSPI) measures the change in the price of goods sold by corporations. It is a leading indicator of consumer price inflation. The figures show it slowing, but it is still positive (and the 9th successive y/y rise) so the administration will take some encouragement from this result. Yen not responding immediately.
