The core consumer price index in Japan, which excludes fresh food but includes fuel costs, jumped 2.1% in April 2022 from a year earlier, hitting a more than seven-year high and rising above the Bank of Japan’s 2% target, driven by a weak yen and surging energy and other raw material costs. The core inflation print also rose for the eight straight month and accelerated from a 0.8% increase in March. The rise in consumer prices poses a challenge for the Japanese central bank which has retained its massive monetary stimulus as it seeks to have inflation stably reach 2% on the back of strong wage growth. Meanwhile, the overall rate of price increases in Japan has remained modest compared with much sharper rises in the US and other advanced economies, as sluggish wage growth makes it harder for firms to pass on higher prices to consumers. source: Statistics Bureau of Japan

Core Inflation Rate in Japan averaged 2.37 percent from 1971 until 2022, reaching an all time high of 24.70 percent in October of 1974 and a record low of -2.40 percent in August of 2009. This page provides - Japan Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.

Core Inflation Rate in Japan is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Core Inflation Rate is projected to trend around 0.70 percent in 2023, according to our econometric models.

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Japan Core Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-21 11:30 PM Mar 0.8% 0.6% 0.8% 0.8%
2022-05-19 11:30 PM Apr 2.1% 0.8% 2.1% 1.8%
2022-06-23 11:30 PM May


Related Last Previous Unit Reference
Inflation Rate 2.50 1.20 percent Apr 2022
Inflation Rate Mom 0.40 0.40 percent Apr 2022
Consumer Price Index CPI 101.50 101.10 points Apr 2022
Core Inflation Rate 2.10 0.80 percent Apr 2022
Core Consumer Prices 101.40 100.90 points Apr 2022
CPI Housing Utilities 101.00 100.80 points Apr 2022
CPI Core Core 0.80 -0.70 percent Apr 2022

Japan Core Inflation Rate
In Japan, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes prices of fresh food.
Actual Previous Highest Lowest Dates Unit Frequency
2.10 0.80 24.70 -2.40 1971 - 2022 percent Monthly
NSA

News Stream
Japan Core Inflation Jumps Above BoJ Target
The core consumer price index in Japan, which excludes fresh food but includes fuel costs, jumped 2.1% in April 2022 from a year earlier, hitting a more than seven-year high and rising above the Bank of Japan’s 2% target, driven by a weak yen and surging energy and other raw material costs. The core inflation print also rose for the eight straight month and accelerated from a 0.8% increase in March. The rise in consumer prices poses a challenge for the Japanese central bank which has retained its massive monetary stimulus as it seeks to have inflation stably reach 2% on the back of strong wage growth. Meanwhile, the overall rate of price increases in Japan has remained modest compared with much sharper rises in the US and other advanced economies, as sluggish wage growth makes it harder for firms to pass on higher prices to consumers.
2022-05-20
Japan Core Inflation Rate at Over 2-Year High
The core consumer price index in Japan, which excludes fresh food but includes fuel costs, increased 0.8% in March 2022 from a year earlier, marking the fastest growth since January 2020 as businesses pass on rising raw material and energy costs to consumers. The data also accelerated from a 0.6% rise in February and posted a year-on-year increase every month since September, but merely came in line with expectations. Japan’s core inflation rate, which will be among the factors the Bank of Japan will consider in its April policy meeting, remains well below the central bank’s 2% target. While inflation is taking off in Japan after decades of stagnant prices, the BOJ remains committed to ultra-easy monetary policies as it believes the current inflation is a one-time phenomenon driven by factors outside of Japan’s control.
2022-04-22
Japan Core Inflation Rate Hits 2-Year High
The core consumer price index in Japan, which excludes fresh food but includes fuel costs, increased 0.6% in February 2022 from a year earlier, matching forecasts and accelerating from a 0.2% rise in the previous month. The data also marked the fastest rise in two years and posted a year-on-year increase every month since September. Japan’s core inflation rate, which will be among the factors the Bank of Japan will consider in its March policy meeting, remains well below the central bank’s 2% target.
2022-03-18