U.S. vs Japan: consumer price inflation compared (September 2026)
September 2026 · Consumer price inflation: U.S. 3.7%, Japan 2.2%. Higher: U.S. (+1.5pp).
Recent figures
| Period | U.S. | Japan | Gap (U.S. − Japan) |
|---|---|---|---|
| September 2026 | 3.7% | 2.2% | +1.5pp |
| August 2026 | 3.4% | 2% | +1.4pp |
| July 2026 | 3.4% | 2% | +1.4pp |
| June 2026 | 3.5% | 1.7% | +1.8pp |
| May 2026 | 4.2% | 1.5% | +2.7pp |
| April 2026 | 3.8% | 1.4% | +2.4pp |
| March 2026 | 3.3% | 1.5% | +1.8pp |
| February 2026 | 2.4% | 1.3% | +1.1pp |
| January 2026 | 2.4% | 1.5% | +0.9pp |
| December 2025 | 2.7% | 2.1% | +0.6pp |
| November 2025 | 2.7% | 2.9% | -0.2pp |
| September 2025 | 3% | 2.9% | +0.1pp |
Definitions and sources
- U.S.: consumer price inflation (CPI-U, 12-month change) — U.S. Bureau of Labor Statistics
- Japan: consumer price inflation (12-month change) — Statistics Bureau of Japan