Japan CPI
Latest release · September 17
1.7%August 2026 · Year-over-year % · excl. fresh food (core)
- All items 1.9%
- Excl. fresh food and energy 1.9%
- Prior (July 2026) 1.8%
- 3-yr high 3.7% (May 2025)
- 3-yr low 1.4% (May 2026)
Source: Statistics Bureau of Japan · updated September 17
Next release date
October 22, 2026 (Thu)
7:30 PMET
Upcoming releases
- November 19, 2026 (Thu)6:30 PM
- December 17, 2026 (Thu)6:30 PM
- January 21, 2027 (Thu)6:30 PM
- February 18, 2027 (Thu)6:30 PM
- March 18, 2027 (Thu)7:30 PM
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Release dates and times are set by the issuing agency and can change. · Schedule source: Statistics Bureau of Japan — CPI release schedule (stat.go.jp)
Read alongside: BOJ Rate Decision →
Recent history
Year-over-year % · excl. fresh food (core)| Period | Actual |
|---|---|
| Aug 2026 | 1.7% |
| Jul 2026 | 1.8% |
| Jun 2026 | 1.6% |
| May 2026 | 1.4% |
| Apr 2026 | 1.4% |
| Mar 2026 | 1.7% |
Values as published by Statistics Bureau of Japan — later revisions can change them. Source: Statistics Bureau of Japan · zmy2025s · Aug 2026
Key facts
Japan's CPI shows the change in consumer prices. The Tokyo CPI, released ahead of the nationwide figure, serves as a leading indicator, and it ties directly into expectations for BOJ policy normalisation.
- Released by
- Statistics Bureau of Japan / Tokyo
- Frequency
- Monthly (Tokyo CPI leads)
- Category
- Inflation
- Assets affected
- JPY · USDJPY
Why the market watches it
After years of deflation, whether inflation settles at the 2% target is the key condition for a BOJ policy shift, so Japanese prices matter more and more for the yen.
How traders read it
The Tokyo CPI, out about three weeks before the nationwide reading, gives an early read on the trend.
Want to see the impact for yourself?
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Open the live charts — no sign-upFrequently asked questions
When is the next Japan CPI release?
The next Japan CPI release is scheduled for October 22, 2026 (Thu) at 7:30 PM US Eastern Time. Following dates: November 19, December 17, January 21.
Why does the Tokyo CPI matter?
It is released before the nationwide CPI, so it is a leading indicator of Japan's overall price trend.
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