AI Data Insight
Japan's latest housing CPI for Q2 2026 reached 104.9, continuing its upward trajectory from the previous 104.7 to hit another recent high. Rent inflation, which had long remained stagnant, has turned positive. Coupled with the pass-through of building material and property management costs, housing costs have emerged as a key force supporting Japan's core inflation, thereby influencing the Bank of Japan's subsequent pace of interest rate hikes.