Regional inflation · Japan
Japan Tokyo CPI YoY
The Japan Tokyo CPI YoY is consumer price inflation for one region of Japan, published before the national figure.
- Importance
- Medium
- Released
- Monthly
- Next release
- Currency
- JPY · Japanese yen
- Central bank
- The Bank of Japan
Latest figures
The latest release for OCT, published on 29 October 2026, came in at 2.8%, below the consensus of 3.3%, up from 2.7% the time before.
A lower figure than expected gives the Bank of Japan room to cut or hold rates lower: the Japanese yen tends to soften and bond yields to fall.
Over the last 12 releases it ranged from 1.4% to 2.8%, averaging 1.9%; it has been rising for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 29 Oct 2026 | OCT | 2.8% | 3.3% | 2.7% |
| 1 Oct 2026 | SEP | 2.7% | – | 1.9% |
| 27 Aug 2026 | AUG | 1.9% | – | 1.8% ® |
| 30 Jul 2026 | JUL | 2% | – | 1.7% |
| 25 Jun 2026 | JUN | 1.7% | – | 1.4% |
| 28 May 2026 | MAY | 1.4% | – | 1.5% |
| 30 Apr 2026 | APR | 1.5% | – | 1.4% |
| 30 Mar 2026 | MAR | 1.4% | – | 1.5% ® |
| 26 Feb 2026 | FEB | 1.6% | – | 1.5% |
| 29 Jan 2026 | JAN | 1.5% | – | 2% |
| 25 Dec 2025 | DEC | 2% | – | 2.7% |
| 27 Nov 2025 | NOV | 2.7% | 2.7% | 2.8% |
Why it matters
Regional releases are an early read of the national number: Germany's states report on the morning of the national flash estimate, and Tokyo's CPI comes about three weeks before Japan's. Traders use them to adjust their expectations.
How it is calculated
The regional statistics office prices the same basket as the national index for its own area; the national figure is close to a weighted average of the regions.
What changes mean
- If the large regions run hot, expect the national figure above consensus.
- Regional differences come mostly from energy and housing costs.
Higher than expected: A higher figure than expected makes the Bank of Japan more likely to keep rates high or raise them: it tends to support the Japanese yen and push bond yields up, and is often a weight on stocks.
Lower than expected: A lower figure than expected gives the Bank of Japan room to cut or hold rates lower: the Japanese yen tends to soften and bond yields to fall.
A short history
Germany publishes state CPIs alongside the national index; Tokyo's index has been watched as a leading indicator of Japanese inflation for decades.
Questions
What is the Japan Tokyo CPI YoY?
The Japan Tokyo CPI YoY is consumer price inflation for one region of Japan, published before the national figure.
What was the latest Japan Tokyo CPI YoY?
2.8% for OCT, published on 29 October 2026 (consensus 3.3%, previous 2.7%).
When is the next Japan Tokyo CPI YoY?
On Thursday 26 November 2026 at 23:30 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.