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 December 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.

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Japan Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-21 11:30 PM Sep 0.2% -0.4% -0.3%
2021-11-18 11:30 PM Oct 0.1% 0.2% 0.1%
2021-12-23 11:30 PM Nov 0.1%


Related Last Previous Unit Reference
Inflation Rate 0.10 0.20 percent Oct/21
Inflation Rate Mom -0.30 0.40 percent Oct/21
Core Inflation Rate 0.10 0.10 percent Oct/21
Food Inflation 0.50 0.90 percent Oct/21
Tokyo CPI 100.00 99.90 points Nov/21
CPI Transportation 92.30 93.50 points Oct/21
CPI Core Core -0.70 -0.50 percent Oct/21

News Stream
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 Consumer Prices Drop for 11th Month
Japan's consumer prices declined by 0.4% yoy in August 2021, after a 0.3% drop a month earlier. This was the eleventh straight month of decrease in consumer prices, amid weakening consumption due to the ongoing COVID-19 pandemic. Food prices fell 1.1%, the most in four months, after a 0.6% decrease in July. Also, cost of transportation & communication declined at a steeper rate (-6.6% vs -5.4%) amid a slower fall in prices of medical care (-0.1% vs -0.5%). In contrast, cost rose further for housing (0.7% vs 0.6%), fuel, light and water charges (2.5% vs 2.2%), furniture and household utensils (2.9% vs 2.4%), culture & recreation (3.7% vs 1.9%), education (1.2% vs 1.1%), and miscellaneous (1.2% vs 1.2%). Core consumer prices, which exclude fresh food, were flat in August, in line with forecasts and ending a decrease for the first time in 13 months. On a monthly basis, consumer prices dropped by 0.2%, swinging from a 0.2% gain in June.
2021-09-23

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.