Japan Verbraucherpreise

Japan’s annual inflation rate edged up to 3.0% in October 2025 from 2.9% in September, marking the highest reading since July. Electricity cost rose the most in four months following the expiry of government subsidies (3.5% vs 3.2% in September), even as gas prices slowed (0.7% vs 1.6%). Price growth also persisted for housing (0.9% vs 1.0%), clothing (2.5% vs 2.5%), transport (3.6% vs 3.0%), household items (1.8% vs 1.0%), healthcare (0.8% vs 1.2%), recreation (2.6% vs 2.0%), communications (7.5% vs 6.7%), and miscellaneous goods (0.7% vs 0.7%), while education costs fell further (-5.6% vs -5.6%). On the food side, prices rose 6.4% yoy, marking the softest gain since December 2024, largely due to the smallest rise in rice prices in 14 months (40.2%) amid Tokyo’s continued efforts to curb staple food costs. Core inflation also came in at 3.0%, matching forecasts and pointing to the highest in three months. Monthly, the CPI rose 0.4%, recording the highest level since January.