Japan’s consumer prices showed no fresh momentum in February 2026, with the national Consumer Price Index (CPI) remaining flat at a month‑over‑month change of -0.2%. The reading exactly matches January 2026’s -0.2% print, indicating that price levels continued to edge lower at the same pace as in the previous month.
The February figure, updated on 23 March 2026, underscores a stable but negative short‑term inflation dynamic, as the “actual” measure compares price changes in February to January, while the “previous” figure tracked January against December. With two consecutive months of -0.2% month‑over‑month declines, the data suggest persistent mild price contraction rather than a shift toward renewed price growth within this comparison period.