Overview

• The year‑on‑year CPI increase accelerated to a seven‑month high and matched consensus forecasts, with the core index also in line with expectations.
• Electricity rose 6.2% and used vehicles climbed 6.0%, housing costs increased 3.6%, and gasoline fell 6.6%, highlighting uneven price pressures.
• Food prices advanced 3.2% from a year earlier, exceeding the prior month’s pace, while core inflation held at 3.1%.
• Financial markets largely expect a 0.25 percentage point cut at the Sept. 16–17 FOMC meeting, with some coverage noting firmer easing bets despite the uptick.
• Tokyo’s Nikkei 225 traded 69.86 yen higher at 43,907.53 at 9:15 a.m. local time as investors digested the U.S. data and currency moves.