Japan’s consumer price index (CPI), not seasonally adjusted, recorded zero month‑on‑month growth in June 2026, halting after a modest increase in the previous month. According to data updated on 23 July 2026, the CPI stood at 0.0% in June on a month-over-month basis, down from a 0.5% rise in May 2026.
The comparison is based on changes from one month to the next: June’s “actual” reading reflects price movement versus May, while May’s “previous” figure captures the change from April to May. The shift from 0.5% to 0.0% indicates that price momentum faded in June, with overall consumer prices neither rising nor falling compared with the prior month. Investors and policymakers will be watching subsequent releases closely to gauge whether this pause signals a temporary easing of inflation pressures or the start of a more persistent trend of price stability.
