# Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite

> Japan's core inflation rose to 1.6% in June from a four-year low, in line with expectations, as higher oil prices spread through the economy. Headline inflation rose to 1.7%, while core-core inflation eased to 1.7%, and producer prices hit 7.1%, the highest since March 2023.

- Date: 2026-07-23 · published 2026-07-23T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/18586-japan-core-inflation-rate-in-june-creeps-up-from-4-year-low-as-higher-oil
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rising input costs from energy price spikes feed into Japanese demand and import budgets for feed and food commodities. The data points to pressure on Japanese purchasing power and the yen outlook, with limited direct price impact on grains.

## Read by commodity

- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-11-10 | [Oil prices settle 1% higher on tepid U.S. inflation data \| Reuters](https://feedsoft.ai/events/38852-oil-prices-settle-1-higher-on-tepid-u-s-inflation-data-reuters.md) | -0.1% | -16.9% |
| BRENT | 2020-12-03 | [Loonie rises to highest point in 2 years on vaccine optimism, oil prices \| CBC News](https://feedsoft.ai/events/49871-loonie-rises-to-highest-point-in-2-years-on-vaccine-optimism-oil-prices-cbc-news.md) | +1.7% | +7.3% |
| BRENT | 2026-03-06 | [Palm oil prices rise 4% as higher energy costs lift biofuel spread margins \| S&P Global](https://feedsoft.ai/events/20269-palm-oil-prices-rise-4-as-higher-energy-costs-lift-biofuel-spread-margins-s-and.md) | +16.6% | +35.6% |
| BRENT | 2022-05-17 | [Stronger U.S. dollar contributes to higher crude oil prices in international markets -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/41586-stronger-u-s-dollar-contributes-to-higher-crude-oil-prices-in-international.md) | -0.2% | +9.4% |
| BRENT | 2021-10-15 | [Oil prices rise to three-year high on back of supply deficit forecasts](https://feedsoft.ai/events/44716-oil-prices-rise-to-three-year-high-on-back-of-supply-deficit-forecasts.md) | +0.8% | -0.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2026/07/24/japan-cpi-june-inflation-oil-prices-yen.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.