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Japan Tokyo Consumer Price Index (CPI)

Price

2.3 %
Change +/-
+0.1 %
Percentage Change
+4.44 %

The current value of the Tokyo Consumer Price Index (CPI) in Japan is 2.3 %. The Tokyo Consumer Price Index (CPI) in Japan increased to 2.3 % on 6/1/2024, after it was 2.2 % on 5/1/2024. From 1/1/1971 to 6/1/2024, the average GDP in Japan was 2.39 %. The all-time high was reached on 10/1/1974 with 24 %, while the lowest value was recorded on 10/1/2009 with -2.4 %.

Source: Statistics Bureau of Japan

Tokyo Consumer Price Index (CPI)

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Tokyo Consumer Price Index

Tokyo Consumer Price Index (CPI) History

DateValue
6/1/20242.3 %
5/1/20242.2 %
4/1/20241.8 %
3/1/20242.6 %
2/1/20242.5 %
1/1/20241.8 %
12/1/20232.4 %
11/1/20232.7 %
10/1/20233.2 %
9/1/20232.8 %
1
2
3
4
5
...
45

Similar Macro Indicators to Tokyo Consumer Price Index (CPI)

NameCurrentPreviousFrequency
🇯🇵
Commodity Inflation
3.8 %3.9 %Monthly
🇯🇵
Consumer Price Index (CPI)
108.1 points107.7 pointsMonthly
🇯🇵
Consumer Price Index for Housing and Utilities
103 points102.9 pointsMonthly
🇯🇵
Core Consumer Prices
107.5 points107.1 pointsMonthly
🇯🇵
Core CPI
2.1 %2.4 %Monthly
🇯🇵
Core Inflation Rate
2.5 %2.2 %Monthly
🇯🇵
CPI Transport
97.6 points97.3 pointsMonthly
🇯🇵
Export Prices
144.9 points144.6 pointsMonthly
🇯🇵
Food Inflation
3.6 %4.1 %Monthly
🇯🇵
GDP Deflator
106.4 points109 pointsQuarter
🇯🇵
Import Prices
166.9 points163.8 pointsMonthly
🇯🇵
Inflation Expectations
2.4 %2.4 %Quarter
🇯🇵
Inflation Rate
2.8 %2.8 %Monthly
🇯🇵
Inflation Rate MoM
0.5 %0.2 %Monthly
🇯🇵
Producer Price Change
2.4 %1.1 %Monthly
🇯🇵
Producer Price Inflation MoM
0.7 %0.5 %Monthly
🇯🇵
Producer prices
121.2 points120.8 pointsMonthly
🇯🇵
Rental inflation
0.3 %0.3 %Monthly
🇯🇵
Service Inflation
1.4 %1.7 %Monthly
🇯🇵
Tokyo Consumer Price Index excluding Food and Energy
1.5 %1.8 %Monthly
🇯🇵
Tokyo core consumer price index
2.4 %2.2 %Monthly

In Tokyo, the consumer price index (CPI) is predominantly influenced by Housing, which constitutes 26 percent of the total weight, and Food, at 25 percent. Other significant categories include Culture and Recreation (10 percent), Transportation and Communication (10 percent), and Fuel, Light, and Water Charges (6 percent). Miscellaneous items represent 5 percent, while Education, Clothes and Footwear each account for 5 percent. Medical Care and Furniture and Household Utensils contribute 4 percent and 3 percent, respectively.

What is Tokyo Consumer Price Index (CPI)?

Tokyo CPI, or the Consumer Price Index of Tokyo, serves as a pivotal economic indicator that reflects the overall price movement and purchasing power within Japan's capital. As the epicenter of the nation’s economic activities, Tokyo wields a significant impact on the overall economic landscape of Japan. At Eulerpool, where we pride ourselves on offering comprehensive macroeconomic data, understanding the intricacies of Tokyo CPI is indispensable for economists, investors, policy makers, and financial analysts. Tokyo CPI measures the average change over time in the prices paid by consumers for a basket of goods and services in Tokyo. It acts as a barometer for inflation, offering insights into the cost of living and economic health of Tokyo. The index is meticulously calculated by the Statistics Bureau of Japan, using prices collected for various items, which are then weighted according to their importance in the consumption patterns of households. The selected items span various categories, including food, housing, transportation, and healthcare, providing a holistic view of price trends. Monitoring Tokyo CPI is crucial for several reasons. Foremost, it is an essential tool for the Bank of Japan (BOJ) when setting monetary policy. An increase in the CPI typically signals rising inflation, which might prompt the BOJ to consider tightening monetary policy to curb inflationary pressures. Conversely, a declining CPI may indicate deflationary trends, urging the central bank to implement measures to stimulate economic growth. Thus, Tokyo CPI directly influences interest rate decisions, affecting borrowing costs, investment rates, and overall economic activity. For investors, Tokyo CPI is a critical gauge for making informed financial decisions. An uptick in the CPI suggests rising prices, eroding the purchasing power of money. This scenario might lead investors to seek assets that hedge against inflation, such as real estate or commodities. Additionally, current and forecasted CPI movements can influence stock market trends. Sectors like consumer goods and services may experience increased costs, affecting company profits and hence stock prices. Understanding these dynamics enables investors to strategize and optimize their portfolios accordingly. On the corporate front, businesses use Tokyo CPI to forecast costs and adjust pricing strategies. For companies operating in Tokyo, the CPI offers critical insights into future cost pressures. Businesses anticipate rising input costs during inflationary periods and might adjust prices for their products and services accordingly. Conversely, in deflationary contexts, firms may need to focus on cost-cutting measures and innovative strategies to maintain profitability. Hence, Tokyo CPI aids in financial planning, cost management, and strategic decision-making for organizations. Policy makers rely heavily on Tokyo CPI data to design and implement effective economic policies. Government officials use CPI trends to plan fiscal policies, subsidies, and social welfare programs. For instance, in times of high inflation as indicated by a rising CPI, the government may launch welfare schemes to support low-income households, aiming to offset the increased cost of living. Similarly, during deflationary periods, policy measures can include tax cuts or increased public spending to spur economic activity. Thus, Tokyo CPI is integral to shaping policies that ensure economic stability and growth. Tokyo's unique economic environment adds layers of complexity to the interpretation of its CPI. As the world's most populous metropolitan area, Tokyo's dense infrastructure, vast consumer market, and diversified economy create distinct consumption patterns compared to other regions. Additionally, external factors like global commodity prices, exchange rates, and international trade relations also influence Tokyo's CPI. For instance, fluctuations in oil prices can significantly impact transportation and utility costs, while currency appreciation or depreciation affects imported goods' prices. A nuanced understanding of these factors is essential for accurately analyzing Tokyo CPI and its broader economic implications. Moreover, Tokyo CPI serves as a leading indicator for national inflation trends. Given Tokyo's extensive economic influence, shifts in its CPI are often reflected in the national CPI. Therefore, Tokyo CPI can provide early signals for nationwide inflationary or deflationary trends, allowing for timely economic interventions. This leading indicator role underscores the importance of regular monitoring and analysis of Tokyo CPI for stakeholders at both local and national levels. At Eulerpool, our steadfast commitment to delivering precise and up-to-date macroeconomic data empowers our users to harness the full potential of Tokyo CPI data. Our platform provides in-depth historical data, trend analyses, and forecasts, ensuring that users have access to comprehensive information for their analyses. We understand that accurate interpretation of CPI data necessitates thorough context about the economic landscape, underlying factors, and broader implications. Our resources and analytical tools are designed to cater to these needs, allowing users to draw well-informed conclusions and make strategic decisions. In conclusion, Tokyo CPI is a fundamental economic indicator with far-reaching impacts on monetary policy, investment strategies, business operations, and policy making. Its significance extends beyond Tokyo, influencing national and even global economic scenarios. At Eulerpool, we recognize the critical importance of Tokyo CPI and are dedicated to providing exhaustive and precise data to support our users in navigating the complexities of economic analysis and decision-making. By leveraging our resources and expertise, users can gain a profound understanding of Tokyo CPI and its myriad implications, thereby enhancing their ability to respond adeptly to economic changes and opportunities.