日本の3月の消費者物価指数（CPI）は前年同月比1.5%上昇し、2月の1.3%から拡大、市場予想の1.4%を上回った。生鮮食品を除くコアインフレ率は1.8%に上昇し、5か月ぶりに加速した。政府による価格抑制のための補助金が実施されているにもかかわらず、この傾向は続いている。
日本における3月のインフレ率は、政府が消費者価格を抑制するための補助金を導入したにもかかわらず、予想を超えて強まった。総合CPIは前年同月比で1.5%上昇し、2月の1.3%から拡大、市場予想の1.4%を上回った。生鮮食品を除くコア指数は1.8%に達し、前月の1.6%から上昇、予測の1.5%を上回った。Seeking Alphaが公式データを引用して報じたところによると、これはコアインフレ率として5か月ぶりの上昇となる。価格圧力は政策介入とは無関係に、広がりをみせ強まっているようである。この状況は日本銀行の金融政策の先行きを複雑にしている。アナリストらは、日銀がインフレ期待の安定化を優先する場合、4月の利上げの可能性は依然として残っていると指摘している。
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The U.S. Bureau of Labor Statistics reported that the Consumer Price Index for February 2026 rose 0.3% month-over-month and remained at 2.4% year-over-year, matching economist expectations. Core CPI, excluding food and energy, increased 0.2% monthly and stayed at 2.5% annually. While inflation showed stability before the recent U.S.-Israel-Iran war, surging oil prices are expected to push future readings higher.
Core inflation in Tokyo slowed to a 15-month low in January due to gasoline subsidies and easing food price pressures, offering some relief to consumers. Yet an underlying gauge excluding fresh food and fuel remained above the Bank of Japan's 2% target, indicating continued progress toward sustainable price growth.
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Tokyo's core consumer price index rose 1.8% in February, falling below the Bank of Japan's 2% target for the first time since October 2024. Prime Minister Sanae Takaichi's utility subsidies curbed household energy costs, posing a communication challenge for the central bank's planned interest rate hikes. The figure exceeded economists' median forecast of 1.7%.
The Producer Price Index report indicates that wholesale inflation for final demand rose by 0.5% in January. This figure exceeded economists' expectations of 0.3% growth and followed a 0.4% increase in December. Core PPI, excluding food and energy, climbed 0.8% during the month.
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South Korea's producer price index rose 1.6 percent in March from the previous month, the fastest pace in about four years, Bank of Korea data showed Wednesday. The surge was driven by higher petroleum and chemical product prices amid rising global oil costs. Year-on-year, prices climbed 4.1 percent, the quickest increase since February 2023.
The Central Bank of Egypt has outlined factors behind moderated inflation in January 2026, with annual urban headline inflation falling to 11.9% from 12.3% in December 2025, driven mainly by non-food inflation dropping to 18.6%, its lowest since October 2023. Food inflation rose temporarily to 1.9% from 1.5%. Nationwide headline inflation eased slightly to 10.1% from 10.3%.
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Inflation in the Philippines rose to 2.0% in January 2026, marking the second consecutive month of rising prices for goods, according to the Philippine Statistics Authority on February 5. This was up from 1.8% in December 2025. The increase stemmed from higher inflation in housing, water, electricity, gas, and other fuels.