National Consumer Price Index (YoY)

The National Consumer Price Index is released by the Statistics Bureau and it's a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive for the JPY.

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Most recent - Thursday 21 August 2025 23:30

3.3%

Forecast

Actual

3.1%

Trading range

Forecast history

The most recent announced value for National Consumer Price Index (YoY) was 3.1%.

Past events

Date

Forecast

Actual

Thursday 21 August 2025 23:30

3.1%

Thursday 17 July 2025 23:30

3.3%

Thursday 19 June 2025 23:30

3.5%

Thursday 22 May 2025 23:30

3.6%

Thursday 17 April 2025 23:30

3.6%

Thursday 20 March 2025 23:30

3.7%

Thursday 20 February 2025 23:30

Thursday 23 January 2025 23:30

3.6%

Thursday 19 December 2024 23:30

2.9%

Thursday 21 November 2024 23:30

2.3%

Thursday 17 October 2024 23:30

2.5%

Thursday 19 September 2024 23:30

Thursday 22 August 2024 23:30

2.8%

Thursday 18 July 2024 23:30

2.8%

Thursday 20 June 2024 23:30

2.8%

Thursday 23 May 2024 23:30

2.5%

Thursday 18 April 2024 23:30

2.7%

Thursday 21 March 2024 23:30

2.8%

Monday 26 February 2024 23:30

2.2%

Thursday 18 January 2024 23:30

2.6%

Thursday 21 December 2023 23:30

2.8%

Thursday 23 November 2023 23:30

3.3%

Thursday 19 October 2023 23:30

Thursday 21 September 2023 23:30

3.2%

Thursday 17 August 2023 23:30

2.5%

3.3%

Thursday 20 July 2023 23:30

3.5%

3.3%

Thursday 22 June 2023 23:30

4.1%

3.2%

Thursday 18 May 2023 23:30

2.5%

3.5%

Thursday 20 April 2023 23:30

2.6%

3.2%

Thursday 23 March 2023 23:30

4.1%

3.3%

Thursday 23 February 2023 23:30

4.5%

4.3%

Thursday 19 January 2023 23:30

4.4%

Thursday 22 December 2022 23:30

3.7%

3.8%

Thursday 17 November 2022 23:30

2.7%

3.7%

Thursday 20 October 2022 23:30

3.1%

Monday 19 September 2022 23:30

2.6%

Economic context

Recent economic data has been strongly bearish for JPY. Other recent announcements which may affect the market's interpretation of the next National Consumer Price Index (YoY) result:

		Previous	Latest
Large Retailer Sales	Bullish change	1%	2%
Retail Trade (YoY)	Bearish change	1.9%	0.3%
Retail Trade s.a (MoM)	Bearish change	0.9%	-1.6%
Tokyo Consumer Price Index (YoY)	Bearish change	2.9%	2.6%
Tokyo CPI ex Food, Energy (YoY)	Bearish change	3.1%	3%
Tokyo CPI ex Fresh Food (YoY)	Bearish change	2.9%	2.5%
Unemployment Rate	Bullish change	2.5%	2.3%
National CPI ex Food, Energy (YoY)	(no change)	3.4%	3.4%
National CPI ex Fresh Food (YoY)	Bearish change	3.3%	3.1%
Adjusted Merchandise Trade Balance	Bearish change	¥-247.6B	¥-303B
Exports (YoY)	Bearish change	-0.5%	-2.6%
Imports (YoY)	Bearish change	0.3%	-7.5%
Merchandise Trade Balance Total	Bearish change	¥152.1B	¥-117.5B

About National Consumer Price Index (YoY)

Country:	Japan
Currency:	JPY
Source:	Statistics Bureau of Japan
Category:	Inflation
Frequency:	Monthly

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Calendar - National Consumer Price Index (YoY) - Japan

National Consumer Price Index (YoY)

Most recent - Thursday 21 August 2025 23:30

Trading range

Trading range after each National Consumer Price Index (YoY) event

Forecast history

Past events

Economic context

About National Consumer Price Index (YoY)

Related events