Japan’s core consumer price index, which excludes fresh food but includes energy, increased 1.7% yoy in August 2026, after a 1.8% rise in July. The latest reading slowed from the highest rate in six months, touched a month earlier, and was below the market forecast of 1.8%. Still, the latest reading remained below the Bank of Japan’s 2% target for an eighth straight month, as government fuel subsidies helped offset price pressures from higher oil costs linked to the Middle East conflict. Meanwhile, the index excluding the effects of volatile fresh food and fuel, which the Bank of Japan closely watches as a better gauge of demand-driven price movements, stood at 1.9% year-on-year in August, remaining at its fastest increase in three months. The BoJ left interest rates at 1.0% at its July meeting, keeping them at their highest level since September 1995, after a 25-bps hike in June. The release came hours before the BoJ’s meeting today, with the market expecting rates to rise to 1.25%. source: Statistics Bureau of Japan
Core consumer prices in Japan increased 1.70 percent in August of 2026 over the same month in the previous year. Core Inflation Rate in Japan averaged 2.40 percent from 1971 until 2026, reaching an all time high of 24.70 percent in October of 1974 and a record low of -2.40 percent in August of 2009. This page provides - Japan Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.
Core consumer prices in Japan increased 1.70 percent in August of 2026 over the same month in the previous year. Core Inflation Rate in Japan is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Core Inflation Rate is projected to trend around 2.00 percent in 2027, according to our econometric models.