Consumer Price Index | JGB Information

Year-on-year change (%) 2021-07〜2026-06

Bars are core CPI (ex fresh food) — the series the Bank of Japan’s 2% price stability target is read against.

Index with the 2020 average set to 100. The reference CPI for inflation-indexed JGBs interpolates this core series with a three-month lag.

Month	All items		Core (ex fresh food)		Core-core (ex fresh food and energy)
Month	Index	YoY %	Index	YoY %	Index	YoY %
2026-06	113.6	+1.7	113.1	+1.6	112.2	+1.7
2026-05	113.5	+1.5	113.0	+1.4	112.0	+1.8
2026-04	113.0	+1.4	112.5	+1.4	111.8	+1.9
2026-03	112.7	+1.5	112.1	+1.8	111.9	+2.4
2026-02	112.2	+1.3	111.4	+1.6	111.5	+2.5
2026-01	112.9	+1.5	112.0	+2.0	111.4	+2.6
2025-12	113.0	+2.1	112.2	+2.4	111.5	+2.9
2025-11	113.2	+2.9	112.5	+3.0	111.6	+3.0
2025-10	112.8	+3.0	112.1	+3.0	111.5	+3.1
2025-09	112.0	+2.9	111.4	+2.9	110.8	+3.0
2025-08	112.1	+2.7	111.6	+2.7	110.9	+3.3
2025-07	111.9	+3.1	111.6	+3.1	110.5	+3.4

Current year averages the months published so far.

Source: Statistics Bureau of Japan, Consumer Price Index.