Economic Buzz: Japan consumer price inflation hits highest since Dec-25

Japan?s inflation continued to edge higher. Consumer prices rose 1.9% on a year-on-year basis in July, following a 1.6% increase in the prior month. This marked the strongest reading since December 2025. Relative to the prior month?s data, there were higher price pressures for transportation (+2.6% in annual terms vs +2.5% in June), food (+3.5% vs +3.2% in June) and energy (+0.6% vs -0.4% in June). Finally, the change in housing prices was the same as in the prior month (+1.0% in July and June). Data showed that core consumer prices were up 1.8% on a year-on-year basis in July, following a 1.6% rise in the prior month.

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