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Japan Core Inflation Rate
Last Release
May 31, 2025
Actual
3.7
Units In
%
Previous
3.5
Frequency
Monthly
Next Release
Jul 17, 2025
Time to Release
27 Days 2 Hours
Highest | Lowest | Average | Date Range | Source |
24.7 Oct 1974 | -2.4 Aug 2009 | 2.4 % | 1971-2025 | Statistics Bureau of Japan |
In Japan, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes prices of fresh food.
Latest Updates
Japan’s core consumer price index, which excludes fresh food but includes energy, rose 3.7% year-on-year in May 2025, accelerating for the third straight month to the highest level since January 2023. The figure also topped market expectations of a 3.6% increase, reinforcing expectations that the Bank of Japan may further tighten monetary policy to address persistent inflationary pressures. Earlier this week, the BOJ left its benchmark interest rate unchanged at 0.5%, but noted in its policy statement that businesses continue to pass wage increases onto prices, supporting elevated core inflation. Governor Kazuo Ueda reiterated the central bank’s commitment to closely monitoring both domestic and international conditions, signaling that additional rate hikes remain on the table if inflation persists.
Japan Core Inflation Rate History
Last 12 readings