Japan's core consumer prices, which include oil products but exclude fresh food prices, rose 0.5 percent from a year earlier in August 2019, easing from a 0.6 percent in increase in the previous month and matching market expectations. That was the lowest rate since July 2017. Stripping away the effect of fresh food and energy, consumer prices rose 0.6 percent in August, the same pace as in the previous month and slightly above expectations of 0.5 percent. Core Inflation Rate in Japan averaged 2.50 percent from 1971 until 2019, 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.
Core Inflation Rate in Japan is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Japan to stand at 1.30 in 12 months time. In the long-term, the Japan Core Inflation Rate is projected to trend around 1.60 percent in 2020, according to our econometric models.