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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan CPI MoM climbed to 0.7% in August 2026
FMPMonthlyReleased August 2026
Japan CPI MoM climbed to 0.7% in August 2026, up 0.3% from July's 0.4% reading.
Latest Release
0.700000
Actual
—
Consensus
0.400000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.46 | CRYPTO | Moves with | → View |
| GBP/JPY | ▼ Inverse | −0.28 | FOREX | Moves against | → View |
| Hang Seng | ▲ Direct | +0.28 | INDEX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.26 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI MoM (Japan) was reported at 0.7% in August 2026. The reading rose from the previous value of 0.4%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.26%, ranging from -0.2% to 0.7% across 9 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.5%, up from the prior three at 0.17%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include S&P Global Manufacturing PMI (Sep 24) and S&P Global Services PMI (Sep 24).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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CPI MoM - JP
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About CPI MoM — Japan
DEFINITION
Japan's CPI MoM rose to 0.700000% in August, accelerating from July's 0.400000%. This marks a clear expansion in monthly inflation, reflecting stronger price pressures compared to the prior month. Market focus will remain on upcoming data and Bank of Japan policy signals amid this rising inflation trend. Updated 8/28/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 0.7 %. Prior reading (Jul 2026): 0.4 %. Before that (Jul 2026): 0.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with BTC/USD (Bullish BTC, r=0.46) — a useful reference for crypto-focused traders.
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Economic Calendar - JP Events
| Thursday, September 24, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:30 | JP | S&P Global Manufacturing PMI | 54.9 | 55 | 55.00 | Medium | |
| 00:30 | JP | S&P Global Services PMI | 52.5 | 52.7 | 52.70 | Medium | |
| 00:30 | JP | S&P Global Composite PMI | 53.5 | 54 | 54.00 | Low | |