The core consumer price index for the Ku-area of Tokyo in Japan rose 3.3% yoy in February 2023, slowing from a 42-year high of 4.3% in January and matching market forecasts. Tokyo’s core inflation rate, a leading indicator for nationwide price trends, also surpassed the Bank of Japan’s 2% target for the ninth straight month, signaling that upward price movements in the country have not reached their peak yet. The trend keeps the central bank under pressure to abandon its yield curve control policy as BOJ Governor Kazuo Ueda steps in. Nationwide core consumer prices grew 4.2% yoy in January, accelerating at the fastest pace in 41 years as companies passed on higher costs to households. source: Statistics Bureau of Japan

Tokyo Core CPI in Japan averaged 86.80 points from 1970 until 2023, reaching an all time high of 104.20 points in January of 2023 and a record low of 30.80 points in January of 1970. This page includes a chart with historical data for Japan Tokyo Core CPI. Japan Tokyo Core CPI - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

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Japan Tokyo Core CPI



Calendar GMT Actual Previous Consensus TEForecast
2023-01-26 11:30 PM Jan 4.3% 3.9% 4.2% 4.2%
2023-03-02 11:30 PM Feb 3.3% 4.3% 3.3% 3.4%
2023-03-30 11:30 PM Mar 3.3%


Related Last Previous Unit Reference
Inflation Rate 4.30 4.00 percent Jan 2023
Food Inflation 7.30 7.00 percent Jan 2023
Tokyo Core CPI 103.70 104.20 points Feb 2023
Tokyo CPI 104.10 104.70 points Feb 2023
CPI Transportation 94.40 94.40 points Jan 2023

Japan Tokyo Core CPI
In Tokyo, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes prices of fresh food.
Actual Previous Highest Lowest Dates Unit Frequency
103.70 104.20 104.20 30.80 1970 - 2023 points Monthly
2020=100, NSA

News Stream
Tokyo Core Inflation Matches Forecasts
The core consumer price index for the Ku-area of Tokyo in Japan rose 3.3% yoy in February 2023, slowing from a 42-year high of 4.3% in January and matching market forecasts. Tokyo’s core inflation rate, a leading indicator for nationwide price trends, also surpassed the Bank of Japan’s 2% target for the ninth straight month, signaling that upward price movements in the country have not reached their peak yet. The trend keeps the central bank under pressure to abandon its yield curve control policy as BOJ Governor Kazuo Ueda steps in. Nationwide core consumer prices grew 4.2% yoy in January, accelerating at the fastest pace in 41 years as companies passed on higher costs to households.
2023-03-03
Tokyo Core Inflation Tops Expectations
The core consumer price index for the Ku-area of Tokyo in Japan jumped 4.3% in January 2023, accelerating the most since 1981 and exceeding forecasts of a 4.2% rise amid broadening inflationary pressure. Tokyo’s core inflation rate, a leading indicator for nationwide price trends, also followed a revised 3.9% gain in December and surpassed the Bank of Japan’s 2% target for the eighth straight month, signaling that upward price movements in the country have not reached their peak yet. This fact added pressure on the central bank to exit its ultra-easy monetary policy through yield target adjustments. Still, BOJ Governor Haruhiko Kuroda continued to deny speculations of a hawkish tilt, highlighting the body must keep supporting the economy until the current cost-push inflation turns into a demand-driven one accompanied by wage growth.
2023-01-27
Tokyo Core Inflation Exceeds Forecasts
The core consumer price index for the Ku-area of Tokyo in Japan jumped 4% in December 2022, rising at the fastest pace in four decades and exceeding forecasts of a 3.8% increase as a sign of broadening inflationary pressure. Tokyo’s core inflation rate, a leading indicator for nationwide price trends, surpassed the Bank of Japan’s 2% target for the seventh month since businesses continued to pass on higher costs to consumers. This will likely bolster expectations of the BOJ exiting its ultra-easy monetary policy through yield target adjustments. Still, BOJ Governor Haruhiko Kuroda continued to deny speculations of a hawkish tilt, highlighting the bank must keep supporting the economy until the current cost-push inflation turns into a demand-driven one accompanied by wage growth.
2023-01-10