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. source: Ministry of Internal Affairs & Communications
Inflation Rate in Japan averaged 2.86 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 November of 2021.
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.