Japan’s inflation rate rises for first time since May, matches forecasts as ‘core-core’ gauge eases

Japan’s inflation rate rises for first time since May, matches forecasts as ‘core-core’ gauge eases

Government stockpiled rice transported to the capital by bullet train or “Shinkansen” is handed over to those who pre-ordered bags at a Tokyo station on June 10, 2025.

Str | AFP | Getty Images

Japan’s core inflation rate rose to 2.9% in September, the first rise since May and in line with expectations of economists polled by Reuters.

This was higher than 2.7% in August. Japan’s core inflation metric excludes fresh food prices but includes energy costs.

Headline inflation in Japan also rose to 2.9% from 2.7% the previous month.

By contrast, the so-called “core” inflation rate – which strips out both fresh food and energy costs and is closely monitored by the Bank of Japan – eased to 3% from 3.3% in August.

— This is breaking news, please check back for updates.

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