Japan Inflation Rate  1958-2018 | Data | Chart | Calendar | Forecast

Japan's consumer price inflation rose to 0.7 percent year-on-year in May of 2018 from 0.6 percent in the prior month and well above market consensus of 0.3 percent. Prices increased at a faster pace for food and transport while cost fell less for housing. Core inflation rate, which excludes fresh food, came in at 0.7 percent, the same as in April and in line with estimates. It remained the lowest figure since September 2017. On a monthly basis, consumer prices went up by 0.1 percent, compared to a 0.4 percent fall in the preceding month and marking the first monthly rise in three months. Inflation Rate in Japan averaged 3.01 percent from 1958 until 2018, 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 May Inflation Rate Higher than Estimated


Japan's consumer price inflation rose to 0.7 percent year-on-year in May of 2018 from 0.6 percent in the prior month and well above market consensus of 0.3 percent. Prices increased at a faster pace for food and transport while cost fell less for housing.

In May, prices of food increased by 0.8 percent year-on-year, after a 0.7 percent rise in April. Cost rose more for fresh fruits (2.6 percent from 2.2 percent); fish and seafood (3.5 percent from 2.6 percent); and dairy product and eggs (3 percent from 2.6 percent), while fell more for fresh food (-0.7 percent from -1.5 percent). 

In addition, cost went up at a faster pace for: transport & communication (1.3 percent from 1.1 percent); and miscellaneous (0.3 percent from 0.1 percent), while inflation was steady for: medical care (1.9 percent); clothes and footwear (0.1 percent); and education (0.3 percent). At the same time, cost of housing declined by 0.1 percent, compared to a 0.2 percent fall in a month earlier. On the other hand, cost increased less for: fuel, light and water charges (3.1 percent from 3.6 percent as cost of electricity increased by 3.3 percent, slower than a 4.4 percent rise in the prior month); and was flat for culture and recreation (after a 0.2 percent rise in April). Meanwhile, cost continued to drop for furniture and household utensils (-1.5 percent from -1.5 percent in the prior month).

Core inflation rate, which excludes fresh food, came in at 0.7 percent, the same as in April and in line with estimates. It remained the lowest figure since September 2017.

On a monthly basis, consumer prices went up by 0.1 percent, compared to a 0.4 percent fall in the preceding month and marking the first monthly rise in three months.


Statistics Japan l Rida | rida@tradingeconomics.com
6/22/2018 1:15:57 AM


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Calendar GMT Actual Previous Consensus TEForecast
2018-04-19 11:30 PM Inflation Rate YoY 1.1% 1.5% 1.1% 1.5%
2018-05-17 11:30 PM Inflation Rate YoY 0.6% 1.1% 0.7% 1.3%
2018-06-21 11:30 PM Inflation Rate YoY 0.7% 0.6% 0.3% 0.6%
2018-07-19 11:30 PM Inflation Rate YoY 0.7% 0.9%
2018-08-23 11:30 PM Inflation Rate YoY 1.2%
2018-09-19 11:30 PM Inflation Rate YoY 1.1%


Japan Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.60 24.90 -2.50 percent [+]
Inflation Rate Mom 0.10 -0.40 4.10 -1.10 percent [+]
Consumer Price Index CPI 101.00 100.90 101.30 17.40 Index Points [+]
Core Consumer Prices 101.00 100.90 101.00 31.00 Index Points [+]
Core Inflation Rate 0.70 0.70 24.70 -2.40 percent [+]
GDP Deflator 101.50 104.70 120.00 87.80 Index Points [+]
Producer Prices 101.10 100.40 112.50 47.40 Index Points [+]
Export Prices 96.90 95.80 207.30 84.10 Index Points [+]
Import Prices 98.60 96.00 190.40 45.90 Index Points [+]
Food Inflation 0.80 0.70 31.60 -3.70 percent [+]
CPI Housing Utilities 99.60 99.60 102.20 25.50 Index Points [+]
CPI Transportation 99.60 99.30 104.40 38.50 Index Points [+]
Producer Prices Change 2.70 2.10 33.90 -8.60 percent [+]


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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.60 24.90 -2.50 1958 - 2018 percent Monthly
2015=100




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.86 May/18
Canada 2.20 May/18
China 1.80 May/18
Euro Area 1.90 May/18
France 2.00 May/18
Germany 2.20 May/18
India 4.87 May/18
Indonesia 3.23 May/18
Italy 1.00 May/18
Japan 0.70 May/18
Mexico 4.51 May/18
Netherlands 1.70 May/18
Russia 2.40 May/18
South Korea 1.50 May/18
Spain 2.10 May/18
Switzerland 1.00 May/18
Turkey 12.15 May/18
United Kingdom 2.40 May/18
United States 2.80 May/18


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