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2026.05.2123:30:00UTC+00Japan’s April CPI Eases to 0.3% Month-on-Month, Signaling Softer Price Momentum

Japan’s consumer price inflation slowed slightly in April 2026, with the non-seasonally adjusted CPI rising 0.3% month-on-month, down from a 0.4% increase in March. The latest data, updated on 21 May 2026, indicate a modest cooling in price pressures as the pace of monthly gains edged lower.

On a comparison basis, the “actual” April figure reflects the change from March to April, while the “previous” figure captures the change from February to March. The step down from 0.4% to 0.3% suggests that, although prices continue to rise, the momentum of monthly inflation has weakened slightly at the start of the new fiscal year.

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