Japan's annual inflation rate accelerated to 2.1% in September 2026 from 1.9% in the previous two months, marking the highest level since December 2025. Price growth quickened for transport (2.5% vs 2.3% in August), housing (1.1% vs 1.0%), household goods (6.5% vs 4.9%), recreation (3.9% vs 2.2%), and miscellaneous items (1.2% vs 0.7%). Meanwhile, food inflation eased to its lowest level since February 2022 (2.8% vs 3.1%), while inflation moderated for clothing (1.2% vs 1.5%) and healthcare (2.8% vs 3.0%). Elsewhere, gas inflation accelerated (2.4% vs 2.0%), but electricity prices continued to decline (-2.4% vs -2.4%), partly reflecting government energy subsidies. Education prices remained in deflation (-3.8% vs -3.8%). Core inflation, which excludes fresh food, climbed to 2.1% from 1.7% in August, exceeding the Bank of Japan’s 2% target for the first time in nine months. On a monthly basis, consumer prices were flat, after rising 0.1% in August. source: Ministry of Internal Affairs & Communications

Inflation Rate in Japan increased to 2.10 percent in September from 1.90 percent in August of 2026. Inflation Rate in Japan averaged 2.84 percent from 1958 until 2026, reaching an all time high of 24.90 percent in February of 1974 and a record low of -2.50 percent in October of 2009. This page provides the latest reported value for - Japan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

Inflation Rate in Japan increased to 2.10 percent in September from 1.90 percent in August of 2026. Inflation Rate in Japan is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Inflation Rate is projected to trend around 2.20 percent in 2027 and 2.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-17 11:30 PM
Inflation Rate YoY
Aug 1.9% 1.9% 2.1%
2026-10-22 11:30 PM
Inflation Rate YoY
Sep 2.1% 1.9% 2.3%
2026-11-20 11:30 PM
Inflation Rate YoY
Oct 2.1%

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Components Last Previous Unit Reference
Food Inflation 2.80 3.10 percent Sep 2026
Goods Inflation 2.80 2.60 percent Sep 2026
Rent Inflation 0.60 0.50 percent Sep 2026
Services Inflation 1.50 1.20 percent Sep 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 102.20 102.20 points Sep 2026
Core Consumer Prices 102.30 102.00 points Sep 2026
Core Inflation Rate YoY 2.10 1.70 percent Sep 2026
CPI Clothes and Footwear 102.40 100.10 points Sep 2026
Inflation Rate Ex-Food and Energy YoY 2.40 1.90 percent Sep 2026
CPI Education 95.50 95.40 points Sep 2026
CPI Food 103.60 103.80 points Sep 2026
CPI Housing Utilities 101.30 101.20 points Sep 2026
CPI Recreation and Culture 103.70 103.70 points Sep 2026
CPI Transportation and Communication 103.00 103.10 points Sep 2026
Inflation Rate YoY 2.10 1.90 percent Sep 2026
Inflation Rate MoM 0.00 0.10 percent Sep 2026
Tokyo Core CPI YoY 2.70 1.80 percent Sep 2026
Tokyo CPI YoY 2.70 1.90 percent Sep 2026
Tokyo CPI Ex Food and Energy YoY 3.00 2.00 percent Sep 2026


Japan Inflation Rate
In Japan, the most important categories in the consumer price index are Food (26 percent of total weight) and Housing (21 percent). Transportation and communications account for 15 percent; Culture and recreation for 9 percent; Fuel, light and water charges for 7 percent; Miscellaneous goods and services for 6 percent; and Medical care for 5 percent. Furniture and household utensils, Clothes and footwear, and Education account for the remaining 10 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
2.10 1.90 24.90 -2.50 1958 - 2026 percent Monthly
NSA

News Stream
Japan Inflation Rate Hits 9-Month High
Japan's annual inflation rate accelerated to 2.1% in September 2026 from 1.9% in the previous two months, marking the highest level since December 2025. Price growth quickened for transport (2.5% vs 2.3% in August), housing (1.1% vs 1.0%), household goods (6.5% vs 4.9%), recreation (3.9% vs 2.2%), and miscellaneous items (1.2% vs 0.7%). Meanwhile, food inflation eased to its lowest level since February 2022 (2.8% vs 3.1%), while inflation moderated for clothing (1.2% vs 1.5%) and healthcare (2.8% vs 3.0%). Elsewhere, gas inflation accelerated (2.4% vs 2.0%), but electricity prices continued to decline (-2.4% vs -2.4%), partly reflecting government energy subsidies. Education prices remained in deflation (-3.8% vs -3.8%). Core inflation, which excludes fresh food, climbed to 2.1% from 1.7% in August, exceeding the Bank of Japan’s 2% target for the first time in nine months. On a monthly basis, consumer prices were flat, after rising 0.1% in August.
2026-10-22
Japan Inflation Rate Stays at 7-Month High
Japan's annual inflation rate held at 1.9% in August 2026, unchanged from the previous month and remaining at its highest level since December 2025. Prices continued to rise across food (3.1% vs 3.5% in July), transport (2.3% vs 2.6%), housing (1.0% vs 1.0%), household goods (4.9% vs 3.7%), clothing (1.5% vs 1.2%), healthcare (3.0% vs 2.1%), recreation (2.2% vs 1.9%), and miscellaneous items (0.7% vs 0.4%). Meanwhile, gas prices accelerated (2.0% vs 1.8%), while electricity prices fell at a steeper pace (-2.4% vs -0.1%) amid government energy subsidies. At the same time, education remained in deflation since early 2024 (-3.8% vs -3.8%). Core inflation, which excludes fresh food, eased to 1.7% from 1.8% in July, marking the first slowdown in four months while staying below the Bank of Japan's 2% target for a seventh consecutive month. On a monthly basis, consumer prices edged up 0.1%, much slower than an upwardly revised 0.5% increase in July.
2026-09-17
Japan Inflation Rate Hits 7-Month High
Japan's annual inflation rate accelerated to 1.9% in July 2026 from a marginally revised 1.6% in the previous month, marking the highest reading since December 2025. The pickup was partly driven by a slower decline in electricity prices as government energy subsidies were scaled back. At the same time, additional upward pressure came from food (3.5% vs 3.2% in June), transport (2.6% vs 2.5%), household goods (3.7% vs 2.3%), healthcare (2.1% vs 1.6%), recreation (1.9% vs 1.4%), and miscellaneous items (0.4% vs 0.4%). In the meantime, housing inflation was steady (at 1.0%), while clothing prices rose at a slower rate (1.2% vs 1.4%). Education remained in deflation (-3.8% vs -3.8%). Core inflation, which excludes fresh food, rose to 1.8% from June's 1.6%, matching market expectations and reaching its highest level since March, though it remained below the Bank of Japan's 2% target for a sixth consecutive month.
2026-08-20