Japan's consumer prices rose 0.6% YoY in November 2021, the most in nearly two years and compared with a 0.1% gain a month earlier. The upward pressure came mainly from a 9.2% annual increase in fuel, light and water charges, confirming signs that soaring energy and raw material prices are pushing more broadly through the Japanese economy and are being felt by consumers. Consumer prices also increased for culture & recreation (4.3%), food (1.4%) and education (1.2%). In contrast, prices decreased in transportation & communication (-6.9%) and medical care (-0.2%). Core consumer prices, which exclude fresh food, went up at 0.5% YoY in November, beating market expectations for a 0.4% increase but remaining well below the central bank’s 2% target. On a monthly basis, consumer prices rose 0.3% in November, swinging from a 0.3% decline in the previous month. source: Ministry of Internal Affairs & Communications

Inflation Rate in Japan averaged 2.85 percent from 1958 until 2021, 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 January of 2022.

Inflation Rate in Japan is expected to be 0.90 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 0.50 percent in 2022 and 1.00 percent in 2023, according to our econometric models.

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Japan Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-11-18 11:30 PM Oct 0.1% 0.2% 0.1%
2021-12-23 11:30 PM Nov 0.6% 0.1% 0.4%
2022-01-20 11:30 PM Dec 0.6% 0.7%


Related Last Previous Unit Reference
Inflation Rate 0.60 0.10 percent Nov/21
Inflation Rate Mom 0.30 -0.30 percent Nov/21
Core Inflation Rate 0.50 0.10 percent Nov/21
Food Inflation 1.40 0.50 percent Nov/21
Tokyo CPI 100.00 100.00 points Dec/21
CPI Transportation 92.80 92.30 points Nov/21
CPI Core Core -0.60 -0.70 percent Nov/21

News Stream
Japan Inflation Rate at Near 2-Year High
Japan's consumer prices rose 0.6% YoY in November 2021, the most in nearly two years and compared with a 0.1% gain a month earlier. The upward pressure came mainly from a 9.2% annual increase in fuel, light and water charges, confirming signs that soaring energy and raw material prices are pushing more broadly through the Japanese economy and are being felt by consumers. Consumer prices also increased for culture & recreation (4.3%), food (1.4%) and education (1.2%). In contrast, prices decreased in transportation & communication (-6.9%) and medical care (-0.2%). Core consumer prices, which exclude fresh food, went up at 0.5% YoY in November, beating market expectations for a 0.4% increase but remaining well below the central bank’s 2% target. On a monthly basis, consumer prices rose 0.3% in November, swinging from a 0.3% decline in the previous month.
2021-12-24
Japan Consumer Prices Rise for 2nd Month
Japan's consumer prices rose by 0.1% yoy in October 2021, slowing from a 0.2% gain a month earlier. Inflation mainly slowed for food (0.5 % vs 0.9% in September), furniture and household utensils (0.9% vs 1.7%), and education (1.1% vs 1.2%). At the same time, cost declined at a faster rate for both transportation & communication (-7.5% vs -6.4%) and medical care (-0.3% vs -0.2%). In contrast, inflation was unchanged for both housing (at 0.7%) and miscellaneous (at 1.2%), while prices accelerated for both fuel, light, and water charges (6.4% vs 4.4%) and culture & recreation (4.3% vs 3.3%). Core consumer prices, which exclude fresh food, went up at 0.1% yoy in October, the same as in September, also advancing for the second month running, amid a surge in prices of energy and raw materials, but still far below the Bank of Japan's 2% target. On a monthly basis, consumer prices dropped by 0.3%, swinging from a 0.4% gain in September.
2021-11-19
Japan Consumer Prices Rise for 1st Time in 13 Months
Japan's consumer prices rose by 0.2 percent year-on-year in September 2021, rebounding from a 0.4 percent drop a month earlier and posting the first annual gain since August 2020. There were rises in cost of food (0.9 percent vs -1.1 percent in August), housing (0.7 percent, the same as in August), fuel, light and water charges (4.4 percent vs 2.5 percent), furniture and household utensils (1.7 percent vs 2.9 percent), culture & recreation (3.3 percent vs 3.7 percent), and miscellaneous (1.2 percent, the same as in August). On the other hand, prices continued to fall for both transportation & communication (-6.4 percent vs -6.6 percent) and medical care (-0.2 percent vs -0.1 percent). Core consumer prices, which exclude fresh food, edged up 0.1 percent, the first month of increase since March 2020 on the back of rising fuel prices. On a seasonally adjusted monthly basis, consumer prices went up 0.4 percent in September, the most since January.
2021-10-21

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.