Japan inflation gauge rises to annual high in September
Japan's inflation trend strengthens in September as price pressures build from higher energy costs and a weaker yen. Core consumer inflation reaches 2.1%, marking the fastest pace this year and accelerating from 1.7% in the previous month.
Highlights
- Japan's core inflation rose to 2.1% in September from 1.7% in August, aligning with Reuters' survey and marking the highest level in 2023.
- Headline inflation also reached 2.1% in September, while core-core inflation, the Bank of Japan's preferred gauge, registered 2.4%.
- Rising energy prices and import costs linked to the weak yen continue to drive persistent cost-based inflation pressures in Japan.
September price growth and inflation measures
As reported by CNBC, Japan's core inflation, which excludes fresh food prices, stands at 2.1% in September, matching the forecast from economists polled by Reuters while rising from 1.7% a month earlier.Headline inflation also comes in at 2.1%. The so-called core-core inflation rate, which excludes both fresh food and energy and is the Bank of Japan's preferred measure, is at 2.4%.
Cost pressures and policy relevance
Elevated energy prices and higher import costs linked to the weak yen are driving the latest increase in consumer prices. The figures point to persistent cost-based inflation pressures in Japan even as the Bank of Japan keeps close watch on underlying price trends.The September reading is the highest core inflation level recorded this year. The mix of headline, core and core-core data offers a broader view of how imported inflation and domestic pricing conditions are shaping Japan's economic outlook.
Our earlier coverage on Malaysia’s inflation outlook explained how persistent high energy prices and Middle East tensions were influencing expectations for Bank Negara Malaysia’s policy path. We noted that the central bank kept its inflation view within its forecast range, but a shift in policy guidance signaled more room to adjust rates if price pressures intensify, with markets increasingly pricing in a potential hike.
Latest Bank of Japan News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
