Japan's annual inflation rate eased to 3.1% in July 2025 from 3.3% in the previous month, marking the lowest reading since November 2024. Electricity prices fell for the first time since April 2024 (-0.7% vs 5.5%), while gas prices were unchanged after a 2.7% increase previously. Education costs also continued to decline (-5.6% vs -5.6%). Meanwhile, price growth slowed for household items (2.5% vs 2.7%) and recreation (2.6% vs 2.8%). Inflation held steady for housing (at 1.0%), healthcare (at 1.5%), and miscellaneous goods (at 1.2%), but quickened for clothing (2.8% vs 2.6%), transport (2.6% vs 2.4%), and communications (6.4% vs 5.9%). On the food side, prices jumped 7.6%, the most since February, accelerating from 7.2% in June, driven by rice, which soared 90.7% year-on-year despite Tokyo’s efforts to curb staple food costs. Core inflation also came in at 3.1%, matching the headline rate and reaching a 5-month low after June’s 3.3%. Monthly, the CPI edged up 0.1%, the same as in June. source: Ministry of Internal Affairs & Communications

Inflation Rate in Japan decreased to 3.10 percent in July from 3.30 percent in June of 2025. Inflation Rate in Japan averaged 2.86 percent from 1958 until 2025, 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 September of 2025.

Inflation Rate in Japan decreased to 3.10 percent in July from 3.30 percent in June of 2025. Inflation Rate in Japan is expected to be 3.10 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 2.10 percent in 2026 and 2.20 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-17 11:30 PM
Inflation Rate YoY
Jun 3.3% 3.5% 3.3%
2025-08-21 11:30 PM
Inflation Rate YoY
Jul 3.1% 3.3% 3.3%
2025-09-18 11:30 PM
Inflation Rate YoY
Aug 3.1%

Components Last Previous Unit Reference
Food Inflation 7.60 7.20 percent Jul 2025
Goods Inflation 4.50 4.80 percent Jul 2025
Rent Inflation 0.30 0.30 percent Jul 2025
Services Inflation 1.50 1.50 percent Jul 2025

Related Last Previous Unit Reference
Core Inflation Rate YoY 3.10 3.30 percent Jul 2025
Inflation Rate Ex-Food and Energy YoY 3.40 3.40 percent Jul 2025
CPI Transportation 100.20 99.60 points Jul 2025
Inflation Rate YoY 3.10 3.30 percent Jul 2025
Inflation Rate MoM 0.10 0.10 percent Jul 2025
Tokyo CPI YoY 2.60 2.90 percent Aug 2025

Japan Inflation Rate
In Japan, the most important categories in the consumer price index are Food (26 percent of total weight) and Housing (21 percent). Transportation and communications account for 15 percent; Culture and recreation for 9 percent; Fuel, light and water charges for 7 percent; Miscellaneous goods and services for 6 percent; and Medical care for 5 percent. Furniture and household utensils, Clothes and footwear, and Education account for the remaining 10 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
3.10 3.30 24.90 -2.50 1958 - 2025 percent Monthly
NSA

News Stream
Japan Inflation Hits 8-Month Low
Japan's annual inflation rate eased to 3.1% in July 2025 from 3.3% in the previous month, marking the lowest reading since November 2024. Electricity prices fell for the first time since April 2024 (-0.7% vs 5.5%), while gas prices were unchanged after a 2.7% increase previously. Education costs also continued to decline (-5.6% vs -5.6%). Meanwhile, price growth slowed for household items (2.5% vs 2.7%) and recreation (2.6% vs 2.8%). Inflation held steady for housing (at 1.0%), healthcare (at 1.5%), and miscellaneous goods (at 1.2%), but quickened for clothing (2.8% vs 2.6%), transport (2.6% vs 2.4%), and communications (6.4% vs 5.9%). On the food side, prices jumped 7.6%, the most since February, accelerating from 7.2% in June, driven by rice, which soared 90.7% year-on-year despite Tokyo’s efforts to curb staple food costs. Core inflation also came in at 3.1%, matching the headline rate and reaching a 5-month low after June’s 3.3%. Monthly, the CPI edged up 0.1%, the same as in June.
2025-08-21
Japan Inflation Hits 7-Month Low
Japan's annual inflation rate eased to 3.3% in June 2025 from 3.5% in the previous month, marking the lowest reading since last November. Electricity prices rose much softer (5.5% vs 11.3% in May), as did gas prices (2.7% vs 5.4%). Also, cost moderated for housing (1.0% vs 1.1% in May), transport (2.4% vs 2.7%), household items (2.7% vs 3.0%), healthcare (1.5% vs 2.0%), recreation (2.8% vs 3.0%), and miscellaneous goods (1.2% vs 1.3%). Meanwhile, education costs continued to decline (-5.6% vs -5.6%). In contrast, inflation held steady for clothing (2.6%) and climbed for communications (5.9% vs 1.9%). On the food side, prices rose 7.2%, the most since March, after a 6.5% rise in the prior two months. The surge was due to soaring rice prices, which jumped 100.2% yoy, despite Tokyo's efforts to curb staple food costs. The core inflation also matched the headline rate at 3.3%, pointing to a three-month low following May's 3.7%. Monthly, the CPI edged up 0.1%, after a 0.3% increase in May.
2025-07-17
BoJ Koeda Flags Inflation Risks from Rising Rice Prices
Bank of Japan board member Junko Koeda said she is closely monitoring the potential second-round effects on underlying inflation from recent price hikes in rice and other food items, Bloomberg News reported. In an interview on Monday, Koeda noted it was too early to predict when the central bank might resume interest rate hikes due to ongoing economic uncertainty. “Recent hard data on inflation shows prices of rice and other food items are rising more than expected compared with the time of the BoJ's May meeting, so I am watching developments carefully,” she said. While cost-push factors, particularly those related to food, are driving consumer inflation, which is currently hovering around 3%, the BoJ's weighted median inflation measure remains below its 2% target. Still, Koeda emphasized she is “keeping an eye out” on how rising rice prices could influence households’ inflation expectations and underlying inflation.
2025-07-09