FX.co ★ Tokyo Core Inflation Cools to 1.4% in March, Easing from 1.6%

Tokyo’s consumer price growth slowed in March 2026, with the core Consumer Price Index (CPI) easing to 1.4% year-over-year from 1.6% in February, according to data updated on 30 March 2026. The figure reflects price changes in the Tokyo area compared with the same month a year earlier, and serves as an early indicator of nationwide inflation trends in Japan.

The February reading of 1.6% had also been measured on a year-over-year basis, comparing price levels in February 2026 with those in February 2025. March’s softer 1.4% print suggests a modest cooling in underlying price pressures as measured against March 2025, potentially reinforcing the view that inflation in Japan is losing some momentum after its recent pickup. Investors and policymakers will be watching subsequent data closely to assess whether this deceleration persists in the coming months.