Japan Inflation Rate  1958-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Japan rose 0.7 percent year-on-year in August of 2017, following a 0.4 percent rise in the prior four months and matching market consensus. It was the highest inflation rate since March 2015, mainly driven by a faster rise in cost of food. On a monthly basis, consumer prices went up 0.2 percent, compared to a flat reading in the preceding three months. Inflation Rate in Japan averaged 3.03 percent from 1958 until 2017, 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.

Japan Inflation Rate
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Japan Inflation Rate at 29-Month High of 0.7% in August


Consumer prices in Japan rose 0.7 percent year-on-year in August of 2017, following a 0.4 percent rise in the prior four months and matching market consensus. It was the highest inflation rate since March 2015, mainly driven by a faster rise in cost of food.

In August, prices of food increased at a faster 0.9 percent from a year earlier (from 0.6 percent rise in July, namely, fresh food (0.8 percent from -1.1 percent), fish and seafood (4.2 percent from 4.9 percent) and fresh fruits (3.4 percent from 0.9 percent). In addition, prices fell at a slower pace for fresh vegetables (-3.4 percent from -6.6 percent).

Meantime, prices increased more than in a month earlier for: fuel, light and water charges (5.2 percent from 4.3 percent in July), mainly due to higher electricity cost (7.0 percent from 6.1 percent). Also, cost of clothing and footwear went up at a faster 0.6 percent, after a flat reading in July. Cost of medical care rose 1.8 percent, much higher than a 0.1 percent rise in August. In addition, cost rebounded for culture and recreation (0.4 percent from -0.1 percent). Inflation was steady for education (0.4 percent). 

On the other hand, cost fell for: housing (-0.2 percent from -0.2 percent), furniture and household utensils (-0.2 percent from -0.4 percent) and transport & communication (-0.4 percent from 0.1 percent) 
  
Core consumer prices, which exclude fresh food,  rose 0.7 percent on the year from 0.4 percent in July and in line with market estimates. It was the highest level since March of 2015.

On a monthly basis, consumer prices went up 0.2 percent, compared to a flat reading in the preceding three months.

In Tokyo, consumer prices rose 0.5 percent in a month earlier while markets estimated a 0.6 percent increase. Core consumer prices, which exclude fresh food, also increased by 0.5 percent and in line with consensus.

Statistics Japan l Rida Husna | rida@tradingeconomics.com
9/29/2017 12:42:55 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-27 11:30 PM Inflation Rate YoY 0.4% 0.4% 0.4% 0.4%
2017-08-24 11:30 PM Inflation Rate YoY 0.4% 0.4% 0.4% 0.5%
2017-09-28 11:30 PM Inflation Rate YoY 0.7% 0.4% 0.7% 0.5%
2017-10-26 11:30 PM Inflation Rate YoY 0.7% 0.7%
2017-11-30 11:30 PM Inflation Rate YoY 0.5%
2017-12-25 11:30 PM Inflation Rate YoY 0.6%


Japan Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.40 24.90 -2.50 percent [+]
Inflation Rate Mom 0.20 0.00 4.10 -1.10 percent [+]
Consumer Price Index CPI 100.30 100.10 100.90 17.40 Index Points [+]
Core Consumer Prices 100.30 100.10 100.80 31.00 Index Points [+]
Core Inflation Rate 0.70 0.50 24.70 -2.40 percent [+]
GDP Deflator 103.90 101.00 119.90 87.80 Index Points [+]
Producer Prices 99.00 98.80 112.50 47.40 Index Points [+]
Export Prices 95.60 94.60 207.30 84.10 Index Points [+]
Import Prices 91.60 89.90 190.40 45.90 Index Points [+]
Food Inflation 0.90 0.60 31.60 -3.70 percent [+]
Producer Prices Change 3.00 2.90 33.90 -8.60 percent [+]
CPI Housing Utilities 99.70 99.70 102.20 25.50 Index Points [+]
CPI Transportation 98.20 98.50 104.40 38.50 Index Points [+]


Japan Inflation Rate

In Japan, the most important categories in the consumer price index are Food (25 percent of total weight) and Housing (21 percent). Transportation and communications accounts for 14 percent; Culture and recreation for 11.5 percent; Fuel, light and water charges for 7 percent; Medical care for 4.3 percent; Clothes and footwear for 4 percent. Furniture and household utensils, Education and Miscellaneous goods and services account for the remaining. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.40 24.90 -2.50 1958 - 2017 percent Monthly
2015=100




inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.54 Sep/17
Canada 1.40 Aug/17
China 1.60 Sep/17
Euro Area 1.50 Sep/17
France 1.00 Sep/17
Germany 1.80 Sep/17
India 3.28 Sep/17
Indonesia 3.72 Sep/17
Italy 1.10 Sep/17
Japan 0.70 Aug/17
Mexico 6.35 Sep/17
Netherlands 1.50 Sep/17
Russia 3.00 Sep/17
South Korea 2.10 Sep/17
Spain 1.80 Sep/17
Switzerland 0.70 Sep/17
Turkey 11.20 Sep/17
United Kingdom 2.90 Aug/17
United States 2.20 Sep/17