business π Japan's inflation jumps to 1.9% in July
Japan's headline inflation rate reached 1.9% in July, marking the highest point this year. This increase was observed in Tokyo amidst rising energy costs linked to the Iran war. Wholesale inflation hit 7.2% for July, while fresh food prices climbed by 7%. Analysts note subsidies from Prime Minister Sanae Takaichi's administration have kept consumer inflation relatively low. The Bank of Japan now expects core inflation to accelerate above 2% starting in the second half of fiscal year 2026.