Japan: Core CPI - Exclude Fresh Food (YoY)

Macro

2026-05-22

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 newly released Q2 2026 core CPI annual growth rate dropped to 1.4%, significantly lower than the previous 1.8% and market expectations of 1.7%. Government energy subsidies and the slowdown in food prices were the main drivers of the cooling. In the short term, the pressure on the BOJ to tighten is eased, but attention must be paid to the medium-term risk of an energy price rebound.

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AI Data Insight

Japan's newly released Q2 2026 core CPI annual growth rate dropped to 1.4%, significantly lower than the previous 1.8% and market expectations of 1.7%. Government energy subsidies and the slowdown in food prices were the main drivers of the cooling. In the short term, the pressure on the BOJ to tighten is eased, but attention must be paid to the medium-term risk of an energy price rebound.

Dive in →

You May Also Like

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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