AI Data Insight

Japan's CPI excluding fresh food and energy reached 102.1 in July 2026, significantly higher than 101.6 in the previous month, with the year-on-year growth rate also rebounding simultaneously. Benefiting from a virtuous cycle of wages and prices, as well as rising import costs, overall inflationary pressures have broadened, further prompting the Bank of Japan to decide on a further interest rate hike in September.

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