The annual inflation rate in Japan fell to 3.3% in February 2023 from January's 41-year high of 4.3%. The latest figure also marked the lowest print since last September, as cost of transport rose the least in 5 months (1.7% vs 2.1% in January); while prices of fuel, light, and water charges dropped for the first time since May 2021 (-0.3% vs 14.9%), mainly electricity (-5.5% vs 20.2%) and gas (12.5% vs 24.3%). In contrast, inflation was unchanged for housing (at 1.3%), while accelerated for clothes (3.6% vs 3.1%), furniture & household utensils (8.7% vs 7.7%), medical care (0.9% vs 0.5%), education (0.9% vs 0.7%), and miscellaneous (1.3% vs 1.1%). Also, cost of food increased the most since September 1980 (7.5% vs 7.3% in January). Core consumer prices went up 3.1% yoy, the least in 5 months, matching forecasts but above the Bank of Japan's 2% target for the 11th straight month. On a monthly basis, consumer prices declined by 0.6% in February, the first fall since October 2021. source: Ministry of Internal Affairs & Communications

Inflation Rate in Japan averaged 2.85 percent from 1958 until 2023, 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 April of 2023.

Inflation Rate in Japan is expected to be 3.90 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 1.90 percent in 2024 and 1.60 percent in 2025, according to our econometric models.

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Japan Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-02-23 11:30 PM Jan 4.3% 4% 4.2%
2023-03-23 11:30 PM Feb 3.3% 4.3% 3.3%
2023-04-20 11:30 PM Mar 3.3% 3.2%


Related Last Unit Reference
Inflation Rate 3.30 percent Feb 2023
Inflation Rate MoM -0.60 percent Feb 2023
Core Inflation Rate 3.10 percent Feb 2023
Food Inflation 7.50 percent Feb 2023
Tokyo CPI 104.40 points Mar 2023
CPI Transportation 94.30 points Feb 2023
CPI Core Core 3.50 percent Feb 2023

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
3.30 4.30 24.90 -2.50 1958 - 2023 percent Monthly
NSA

News Stream
Japan Inflation Rate Eases from 41-Year High
The annual inflation rate in Japan fell to 3.3% in February 2023 from January's 41-year high of 4.3%. The latest figure also marked the lowest print since last September, as cost of transport rose the least in 5 months (1.7% vs 2.1% in January); while prices of fuel, light, and water charges dropped for the first time since May 2021 (-0.3% vs 14.9%), mainly electricity (-5.5% vs 20.2%) and gas (12.5% vs 24.3%). In contrast, inflation was unchanged for housing (at 1.3%), while accelerated for clothes (3.6% vs 3.1%), furniture & household utensils (8.7% vs 7.7%), medical care (0.9% vs 0.5%), education (0.9% vs 0.7%), and miscellaneous (1.3% vs 1.1%). Also, cost of food increased the most since September 1980 (7.5% vs 7.3% in January). Core consumer prices went up 3.1% yoy, the least in 5 months, matching forecasts but above the Bank of Japan's 2% target for the 11th straight month. On a monthly basis, consumer prices declined by 0.6% in February, the first fall since October 2021.
2023-03-23
Japan Inflation Rate Highest in 41 Years
The annual inflation rate in Japan rose to 4.3% in January 2023 from 4.0% in the prior month. This was the highest reading since December 1981, amid a rise in prices of imported raw commodities and yen weakness. Upward price pressures came from all components, namely food (7.3% vs 7.0% in December); housing (1.3% vs 1.2%); fuel, light, and water charges (14.9% vs 15.2%), mainly electricity (20.2% vs 21.3%) and gas (24.3% vs 23.3%); transport & communication (2.1% vs 2.1%); medical care (0.5% vs 0.4%), furniture & household utensils (7.7% vs 7.5%); clothes (3.1% vs 2.9%), education (0.7% vs 0.7%), and miscellaneous (1.1% vs 1.1%). Core consumer prices increased by 4.2% yoy, the most since September 1981, matching market forecasts but above the Bank of Japan's 2% target for a tenth straight month. On a monthly basis, consumer prices went up 0.4% in January, after a 0.3% gain in December.
2023-02-23
Japan Inflation Rate Highest in 32 Years
The annual inflation rate in Japan rose to 4.0 % in December 2022, the highest since January 1991 amid a rise in prices of imported raw commodities and yen weakness. Upward price pressures came from all components, namely food (7.0% vs 6.9% in November); housing (1.2% vs 1.2%); fuel, light, and water charges (15.2% vs 14.1%), mainly electricity (21.3% vs 20.1%) and gas (23.3% vs 21.0%); transport & communication (2.1% vs 1.6%); medical care (0.4% vs 0.3%), furniture & household utensils (7.5% vs 7.3%); clothes (2.9% vs 2.7%), education (0.7% vs 0.7%), and miscellaneous (1.1% vs 0.9%). Core consumer prices also increased by 4.0% year-on-year, the most since December 1981, matching market forecasts but above the Bank of Japan's 2% target for a ninth straight month. On a monthly basis, consumer prices went up 0.3% in December, the least in four months, after an upwardly revised 0.4% gain in November.
2023-01-19