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Tokyo’s core consumer inflation, excluding food and energy, picked up in June 2026, signaling a modest firming in underlying price pressures in Japan’s capital. The CPI Tokyo Ex Food & Energy rose 1.1% year-over-year in June, compared with a 0.7% increase in May 2026.
The data, updated on 25 June 2026, show that the pace of core price growth strengthened when measured against the same month a year earlier, both for the current and previous readings. While still moderate by global standards, the acceleration in Tokyo’s core CPI is closely watched by markets as an early gauge of nationwide inflation dynamics and potential implications for Japan’s broader monetary and economic outlook.