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Tokyo October CPI Rises to 2.8%, Above 2.7% Forecast

Tokyo's October CPI came in at 2.8%, beating the 2.7% forecast. September unemployment fell to 2.4% and jobs ratio rose to 1.19.

30/10/2026 00:124 min read

The year-on-year CPI data for Tokyo for October are as follows:

  • The headline CPI came in at 2.8%, up from 2.7% and above the 2.7% forecast.
  • The core CPI, excluding fresh food, was 2.6%, matching expectations but down from 2.7% previously.
  • The measure excluding fresh food and energy was 2.4%, below the 2.7% expected and the prior month's 2.7%.

September labour market data were also published:

  • The unemployment rate stood at 2.4%, lower than the 2.5% forecast and the previous month's 2.5%.
  • The jobs-to-applicants ratio rose to 1.19 from 1.18, above the 1.18 estimate.

Only the raw data is presented here; more in-depth analysis will follow separately.

Background on the data is available in the preview below:

An upcoming BoJ preview is also expected:

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