Tokyo August CPI holds at 1.9% as core inflation beats forecast

Year-on-year headline inflation in Tokyo for August 2026 recorded 1.9%.

• This matched the 1.9% market expectation and declined from the previous year's 2%.

The core CPI, which excludes fresh food, came in at 1.8%.

• That was above the 1.7% forecast but below the prior 1.9%.

The measure of CPI that excludes both food and energy—the core-core indicator closest to the US core CPI—stood at 2.0%.

• No specific expectation was available; the prior reading was 2%.

Separately, Japan's July unemployment rate fell to 2.4%.

• This was better than the 2.5% expected and the previous month's 2.5%.

The jobs-to-applicants ratio landed at 1.18.

• That missed the 1.19 consensus and was unchanged from the prior 1.18.