The Corporate Goods Price Index (CGPI) measures the change in the selling prices of goods purchased by Japanese corporations. The CGPI measures the change in the rate of inflation in Japan from the perspective of the manufacturer and is correlated with consumer price inflation.
A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.
Sep 11, 2019
Why Traders Care
It's a leading indicator of consumer inflation. When corporations raise the price of their goods the higher costs are usually passed on to the consumer.
Producer Price Index (PPI), Corporate Goods Price Index (CGPI)