Japan: CPI (YoY) - All Items

Macro

2026-07-24

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

Japan's Consumer Price Index (CPI) annual growth rate rebounded to 1.7% in Q2 2026 (June), up from the previous value of 1.5% and in line with market consensus. Although the core CPI rose to 1.6%, it has remained below the Bank of Japan's 2% target for five consecutive months. Against the backdrop of rising imported inflation, the market is closely watching the Bank of Japan's subsequent interest rate hike moves.

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AI Data Insight

Japan's Consumer Price Index (CPI) annual growth rate rebounded to 1.7% in Q2 2026 (June), up from the previous value of 1.5% and in line with market consensus. Although the core CPI rose to 1.6%, it has remained below the Bank of Japan's 2% target for five consecutive months. Against the backdrop of rising imported inflation, the market is closely watching the Bank of Japan's subsequent interest rate hike moves.

Dive in →

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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