FX.co ★ Japan Inflation Rate Hits 7-Month High

Japan’s annual inflation rate rose to 1.9% in July 2026, up from a slightly revised 1.6% in June, marking the highest level since December 2025. Core inflation, which excludes fresh food, increased to 1.8% from 1.6%, in line with market expectations and the highest reading since March. Despite the pickup, inflation remained below the Bank of Japan’s 2% target for the sixth consecutive month.