JPY · Released October 22, 2026

Japan Inflation Rate (CPI): September 2026

Japan CPI measures how fast consumer prices are rising year-on-year, the key inflation gauge the Bank of Japan watches when setting interest rates.

Actual
2.1%
Forecast
2.3%
Previous
1.9%

Source: Ministry of Internal Affairs & Communications. Figures as released; revisions appear in the next print.

Forecast: Trading Economics' forecast where available, otherwise the market consensus.

Calendar data: Trading Economics; official figures from the publishing agency.

Japan Inflation Rate (CPI) for September 2026 came in at 2.1% versus 2.3% expected (previous 1.9%), below forecast.

How this print reads for the Japanese Yen

Below forecast by 0.2. For the JPY that reads as negative (higher is positive for this indicator). This is a rule-based read of the figure against forecast, not a record of how the JPY traded.

New to this release? See what Japan Inflation Rate (CPI) measures, the next release and its full history.