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Japan's core consumer price index rose 1.8% in July from a year earlier, according to official data, reflecting ongoing inflationary pressures. The reading remains below the BOJ's 2% target but may support further interest rate adjustments.
US consumer inflation eased in July as energy prices fell 1.5% month-over-month, though they remain 14.7% higher year-over-year. The CPI rose 0.1% for the month and 3.4% annually, while food prices gained 3% year-over-year.
Japan's core CPI rose 1.4% year-on-year in May 2026, below market expectations and down from April's 2.2%, due to the government's fuel subsidy program. Excluding energy, core-core CPI rose 1.9%, signaling persistent price pressures in services and processed food.
US consumer prices rose 3.8% year-over-year in April 2026, the highest since May 2023, driven by a 28.4% surge in gasoline prices amid the US-Israel conflict with Iran. Energy costs pushed up airline fares and food prices, while the White House called the increases temporary. Economists expect the Fed to hold interest rates steady through the rest of the year.
