JapanJapan Tokyo CPI YoY climbed to 2.8% in October 2026
Japan Tokyo CPI YoY climbed to 2.8% in October 2026, up 0.1% from September's 2.7% reading. The print came in below the 3.3% consensus by 0.5%.
Latest Release
Upcoming Forecasts
Forecasts generated by Sigmanomics engine. Not financial advice.
Backtest — not a live record
Backtest median absolute error
reconstructed over the last 12 releases
Latest release (backtest)
Released 29 Oct 2026
Method: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Moves with | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Tokyo CPI YoY (Japan) was reported at 2.8% in October 2026. This missed the market consensus of 3.3% by 0.5%. The reading rose from the previous value of 2.7%. The 12 releases before this one averaged 2.42%.
WHY IT MATTERS
Across releases published in October over the past 3 years, Tokyo CPI YoY has averaged 2.43%.
WHAT TO WATCH NEXT
The next release is scheduled for November 26, 2026. Same-country events in the next 14 days include GDP Growth Annualized (Nov 15) and GDP Growth Rate QoQ (Nov 15).
Tokyo CPI YoY - JP
About Tokyo CPI YoY — Japan
DEFINITION
The Tokyo CPI YoY is a key financial indicator that measures the year-over-year change in consumer prices in Tokyo, Japan. It provides valuable insights into the overall inflation trends in the country's capital city, which is a major economic hub. This indicator is closely monitored by investors, policymakers, and businesses as it can impact monetary policy decisions and consumer spending patterns. A higher Tokyo CPI YoY indicates rising inflation, while a lower figure suggests a decrease in consumer prices.
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. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual 2.8 %, consensus 3.3 %. Prior reading (Sep 2026): 2.7 %. Before that (Jan 2025, first reported): 3.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast is 2.87% (latest print 2.8%). The projection is based on the indicator's own recent trend. This indicator correlates most strongly with USD/JPY (r=-0.50) — a useful reference for forex-focused traders.
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Economic Calendar - JP Events
| Wednesday, November 11, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | JP | Machine Tool Orders YoY | 42.5 | 60.4 | 54.5 | 48.50 | Low |
| 23:50 | JP | Producer Price Index MoM | 0.7 | -0.2 | 0.3 | 0.50 | Low |
| 23:50 | JP | Producer Price Index YoY | 7.1 | 6.8 | 6.5 | 6.80 | Low |
| Sunday, November 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 23:50 | JP | GDP External Demand QoQ | 0.5 | -0.4 | -0.40 | Low | |
| 23:50 | JP | GDP Capital Expenditure QoQ | -0.9 | 1.5 | 1.50 | Low | |
| 23:50 | JP | GDP Price Index YoY | 2.6 | 2.1 | 2.10 | Low | |
| 23:50 | JP | GDP Growth Annualized | 1.4 | 0.3 | 0.30 | Medium | |
| 23:50 | JP | GDP Growth Rate QoQ | 0.4 | 0.1 | 0.10 | High | |
| 23:50 | JP | GDP Private Consumption QoQ | 0 | -0.2 | -0.20 | Low | |
| 23:50 | JP | GDP Growth Rate YoY | 1.4 | 0.3 | 0.30 | Medium | |
| 23:50 | JP | Gross Domestic Product QoQ | 0.4 | 0.1 | 0.10 | High | |
Neha GuptaLinkedIn profile
Neha Gupta is a Chartered Financial Analyst with over 18 years of experience in finance and more than 11 years as a financial writer. She’s authored for clients worldwide, including platforms like MarketWatch, TipRanks, InsiderMonkey, and Seeking Alpha. Her work is known for its technical rigor, clear communication, and compliance-awareness—evident in her success enhancing market updates.