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21.05.202623:30:00UTC+00Japan’s Core Inflation Cools to 1.4% in April, Easing From March’s 1.8%

Japan’s national core consumer price index (CPI) rose 1.4% year-over-year in April 2026, easing from a 1.8% gain recorded in March 2026. The latest data, updated on 21 May 2026, indicate a moderation in underlying inflation pressures when comparing the same months a year apart.

Both the April and March readings are calculated on a year-over-year basis, with the “actual” figure reflecting the change in April relative to April a year earlier, and the “previous” figure capturing the change in March relative to March a year earlier. The step down from 1.8% to 1.4% suggests that price growth in Japan’s core basket is slowing, a development that will be closely watched by investors and policymakers tracking the trajectory of inflation in the world’s third-largest economy.

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