Japan inflation edges higher for first time since May, matching forecasts as 'core-core' gauge eases

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Government stockpiled rice, which was transported by bullet train, or the "shinkansen", into the capital is handed over to those who pre-ordered bags, at Tokyo Station on June 10, 2025.

Str | Afp | Getty Images

Japan's core inflation rate accelerated to 2.9% in September, the first increase since May and in line with expectations from economists polled by Reuters.

This was higher than the 2.7% seen in August. The core inflation metric in Japan strips out the prices of fresh food but includes energy costs.

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

In contrast, the so-called "core-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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