CPI Core Core in Japan decreased to 2.60 percent in January from 2.90 percent in December of 2025. CPI Core Core in Japan averaged 2.41 percent from 1971 until 2026, reaching an all time high of 23.90 percent in October of 1974 and a record low of -1.70 percent in May of 2010. source: Statistics Bureau of Japan

CPI Core Core in Japan is expected to be 2.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan CPI Core Core is projected to trend around 2.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-22 11:30 PM
Inflation Rate Ex-Food and Energy YoY
Dec 2.9% 3% 2.8%
2026-02-19 11:30 PM
Inflation Rate Ex-Food and Energy YoY
Jan 2.6% 2.9% 2.8%
2026-03-23 11:30 PM
Inflation Rate Ex-Food and Energy YoY
Feb 2.6%


Related Last Previous Unit Reference
Consumer Price Index CPI 112.90 113.00 points Jan 2026
Core Consumer Prices 112.00 112.20 points Jan 2026
Core Inflation Rate YoY 2.00 2.40 percent Jan 2026
CPI Clothes and Footwear 111.20 112.70 points Jan 2026
Inflation Rate Ex-Food and Energy YoY 2.60 2.90 percent Jan 2026
CPI Education 95.60 95.60 points Jan 2026
CPI Food 128.80 128.60 points Dec 2025
CPI Housing Utilities 104.60 104.50 points Jan 2026
CPI Recreation and Culture 115.20 116.80 points Jan 2026
CPI Transportation and Communication 99.70 100.00 points Jan 2026
Food Inflation 3.90 5.10 percent Jan 2026
Inflation Rate YoY 1.50 2.10 percent Jan 2026
Inflation Rate MoM -0.20 -0.20 percent Jan 2026
Tokyo Core CPI YoY 2.00 2.30 percent Jan 2026
Tokyo CPI YoY 1.50 2.00 percent Jan 2026
Tokyo CPI Ex Food and Energy YoY 2.00 2.30 percent Jan 2026


Japan CPI Core Core
In Japan, the "core core" inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes prices of fresh food and energy.
Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.90 23.90 -1.70 1971 - 2026 percent Monthly
NSA