Japan: Core CPI - Exclude Fresh Food (YoY)

Macro

2026-04-24
Description

The Japan Core Consumer Price Index (Core-CPI) is released by the Statistics Bureau of Japan. This index measures the average price changes of goods and services purchased by households nationwide, excluding fresh food items that are subject to significant price fluctuations. It provides a clearer and more stable view of inflation trends. The Bank of Japan uses this index to set its 2% inflation target, ensuring that the Japanese economy grows while allowing the market to assess whether the economy is overheating and whether the Bank of Japan's monetary policy is appropriate.

Published by
Ministry of Internal Affairs and Communications (Choice)
Frequency
Monthly
Next Update
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AI Data Insight

Japan's core consumer price index (CPI) annual growth rate for Q1 2026 rebounded to 1.8%, showing a slight recovery from the previous reading of 1.6%, but still below the Bank of Japan's 2% inflation target. Government energy subsidies have temporarily masked the oil price shock caused by the Middle East conflict; however, underlying inflation excluding energy remains stubborn, and the market is closely watching the BOJ's subsequent monetary policy moves.

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AI Data Insight

Japan's core consumer price index (CPI) annual growth rate for Q1 2026 rebounded to 1.8%, showing a slight recovery from the previous reading of 1.6%, but still below the Bank of Japan's 2% inflation target. Government energy subsidies have temporarily masked the oil price shock caused by the Middle East conflict; however, underlying inflation excluding energy remains stubborn, and the market is closely watching the BOJ's subsequent monetary policy moves.

Dive in →

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Macro
Description

The Japan Core Consumer Price Index (Core-CPI) is released by the Statistics Bureau of Japan. This index measures the average price changes of goods and services purchased by households nationwide, excluding fresh food items that are subject to significant price fluctuations. It provides a clearer and more stable view of inflation trends. The Bank of Japan uses this index to set its 2% inflation target, ensuring that the Japanese economy grows while allowing the market to assess whether the economy is overheating and whether the Bank of Japan's monetary policy is appropriate.

Published by
Ministry of Internal Affairs and Communications (Choice)
Frequency
Monthly
Next Update
Hashtags