Japan's core inflation accelerates again

VTV.vn - Japan's core inflation increased 2.9% in September 2025, accelerating for the first time in four months, exceeding the BoJ's 2% target.

People shop at a store in Tokyo, Japan. (Photo: AFP/VNA)

Data released on October 24th showed that Japan's core consumer price index (CPI), which excludes volatile fresh food prices but includes fuel prices, continued to rise in September 2025, exceeding the central bank's (BoJ) 2% target, increasing by 2.9% year-on-year.

Japan's Ministry of Internal Affairs and Communications said that the Consumer Price Index (CPI) accelerated for the first time in four months, after rising 2.7% in August 2025. According to the ministry, inflation has exceeded the Bank of Japan's target since April 2022.

The price index, which excludes both fresh food prices and volatile fuel prices—which the BoJ monitors more closely because it better reflects underlying price trends—rose 3% year-on-year in September 2025, compared with a 3.3% increase in August 2025.

New inflation data will be one of the factors the Bank of Japan will scrutinize at its two-day meeting next week, when considering whether to keep interest rates unchanged at 0.5% and release new quarterly growth and price forecasts.

Last year, the Bank of Japan ended its decade-long economic stimulus program and raised short-term interest rates to 0.5% by January 2025, believing Japan was on track to sustainably achieve its 2% inflation target.

While consumer price inflation has exceeded the Bank of Japan's 2% target for more than three years, Governor Kazuo Ueda stressed the need for caution in further interest rate hikes due to uncertainty surrounding the impact of US tariffs on the Japanese economy.

Source: https://vtv.vn/lam-phat-loi-nhat-ban-tang-toc-tro-lai-100251024155522157.htm