Japan: CPI (YoY) - All Items

Macro

2026-04-24
Description

The Consumer Price Index (CPI) in Japan is published by the Statistics Bureau of Japan, measuring the average price changes of goods and services purchased by households nationwide.

The CPI is a crucial indicator for the Bank of Japan (BOJ) to assess inflation and economic health, significantly influencing its monetary policy decisions.

Japan's CPI is presented in three different forms:

1. CPI (All items): Includes all goods and services.
2. Core CPI: Excludes fresh foods, which are subject to significant price volatility, providing a clearer view of the underlying inflation trend. The BOJ targets a 2% inflation rate based on this index.
3. Core-core CPI: Further excludes energy in addition to fresh foods, eliminating the most volatile components to provide a more accurate reflection of consumer prices.

Published by
Statistics Bureau of Japan (Choice)
Frequency
Monthly
Next Update
Hashtags
Consumption CPI Japan

AI Data Insight

According to the latest data, Japan's Q1 2026 CPI year-on-year growth rate rebounded to 1.5%, reversing the previous downward trend of 1.3% and beating market expectations. This was primarily driven by rising transportation costs resulting from the Middle East conflict, as well as soaring import prices triggered by a weak yen. The market widely expects that, fueled by stronger core inflation and wage growth, the Bank of Japan (BOJ) is highly likely to further raise interest rates in the middle of the year.

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AI Data Insight

According to the latest data, Japan's Q1 2026 CPI year-on-year growth rate rebounded to 1.5%, reversing the previous downward trend of 1.3% and beating market expectations. This was primarily driven by rising transportation costs resulting from the Middle East conflict, as well as soaring import prices triggered by a weak yen. The market widely expects that, fueled by stronger core inflation and wage growth, the Bank of Japan (BOJ) is highly likely to further raise interest rates in the middle of the year.

Dive in →

You May Also Like

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Macro
Description

The Consumer Price Index (CPI) in Japan is published by the Statistics Bureau of Japan, measuring the average price changes of goods and services purchased by households nationwide.

The CPI is a crucial indicator for the Bank of Japan (BOJ) to assess inflation and economic health, significantly influencing its monetary policy decisions.

Japan's CPI is presented in three different forms:

1. CPI (All items): Includes all goods and services.
2. Core CPI: Excludes fresh foods, which are subject to significant price volatility, providing a clearer view of the underlying inflation trend. The BOJ targets a 2% inflation rate based on this index.
3. Core-core CPI: Further excludes energy in addition to fresh foods, eliminating the most volatile components to provide a more accurate reflection of consumer prices.

Published by
Statistics Bureau of Japan (Choice)
Frequency
Monthly
Next Update
Hashtags
Consumption CPI Japan