Consumer Price Index (2020 base) National July 2025

The Consumer Price Index for July 2025 shows significant price movements across Japan. The comprehensive index reached 111.9, marking a year-on-year increase of +3.1%. Core CPI (excluding fresh food) rose +2.9% year-on-year, while core-core CPI (excluding fresh food and energy) increased +2.2%. Energy prices continued their upward trend with electricity charges rising +18.3% and city gas up +11.2%. Food prices (excluding fresh food) increased +2.8%, with notable increases in dairy products and processed foods. Service prices rose +2.1%, driven by accommodation fees and transportation costs. These inflation levels remain above the Bank of Japan's 2% target, reflecting ongoing price pressures in the Japanese economy.