Japan August headline inflation 2.7% (expected 2.8%)

Japan CPI data for August 2025:

• National CPI ex. fresh food & energy (core-core): 3.3% y/y (expected 3.3%, prior 3.4%) ... this strips away the effect of fresh food and energy

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• National CPI ex. fresh food (core): 2.7% y/y (expected 2.7%, prior 3.1%) ... core consumer price index, which includes oil products but excludes fresh food prices
• slowest pace in nine months

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• National CPI headline: 2.7% y/y (expected 2.8%, prior 3.1%)

Earlier this month we got the 'preview' from Tokyo inflation data for August:

• Tokyo August 2025 headline CPI 2.6% y/y (2.6% expected)