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

Japan's consumer price inflation rose to 1.3 percent year-on-year in August 2018 from 0.9 percent in the previous month and above market consensus of 1.1 percent. It was the highest rate since February, due to a jump in prices of food and a faster rise in cost of transport. On a monthly basis, consumer prices went up by 0.5 percent in August, after a 0.3 percent rise in July and reaching the highest monthly figure since November 2017. Inflation Rate in Japan averaged 3 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 Inflation Rate Rises to 6-Month High in August


Japan's consumer price inflation rose to 1.3 percent year-on-year in August 2018 from 0.9 percent in the previous month and above market consensus of 1.1 percent. It was the highest rate since February, due to a jump in prices of food and a faster rise in cost of transport.

In August, prices of food increased by 2.1 percent from a year earlier, way faster than a 1.4 percent rise in the prior month. It was the highest food inflation in six months, driven by prices of meals outside the home (1.1 percent vs 1 percent in July); cooked food (0.7 percent vs 0.5 percent); vegetables & seaweeds (11.3 percent vs 4.3 percent), of which fresh vegetables (15.5 percent vs 4.4 percent); cereals (1.9 percent vs 1.9 percent); fish & seafood (4.8 percent vs 3.9 percent), of which fresh fish & seafood (5.8 percent vs 4 percent); meats (0.1 percent vs 0.2 percent); dairy products & eggs (3.3 percent vs 3.1 percent); and fresh fruits (1 percent vs 4.3 percent).

Additional upward pressure came from: transportation & communication (2 percent vs 1.5 percent), culture & recreation (1.6 percent vs 0.6 percent); fuel, light & water charges (3.4 percent vs 3.1 percent), of which electricity (3.1 percent vs 2.5 percent); medical care (1.1 percent vs 2 percent); and education (0.5 percent vs 0.5 percent). Meanwhile, cost of miscellaneous was flat, following a 0.3 percent rise in July. At the same time, cost continued to fall for housing (-0.1 percent vs -0.1 percent); and furniture and household utensils (-1.1 percent vs -1.1 percent). Also, cost of clothes & footwear declined 0.1 percent, compared to a 0.3 percent rise in July.

Core inflation rate, which excludes fresh food, edged up to 0.9 percent from 0.8 percent in the previous two months and in line with expectations. It marked the highest figure since March.

On a monthly basis, consumer prices went up by 0.5 percent in August, after a 0.3 percent rise in July and reaching the highest monthly figure since November 2017.


Statistics Japan | Rida | rida@tradingeconomics.com
9/21/2018 10:07:49 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-19 11:30 PM Inflation Rate YoY 0.7% 0.7% 0.8% 0.9%
2018-08-23 11:30 PM Inflation Rate YoY 0.9% 0.7% 0.4% 0.5%
2018-09-20 11:30 PM Inflation Rate YoY 1.3% 0.9% 1.1% 1%
2018-10-18 11:30 PM Inflation Rate YoY 1.3% 1.1%
2018-11-21 11:30 PM Inflation Rate YoY 1.2%
2018-12-20 11:30 PM Inflation Rate YoY 1.4%


Japan Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 0.90 24.90 -2.50 percent [+]
Inflation Rate Mom 0.50 0.30 4.10 -1.10 percent [+]
Consumer Price Index CPI 101.60 101.00 101.60 17.40 Index Points [+]
Core Consumer Prices 101.20 100.90 101.20 31.00 Index Points [+]
Core Inflation Rate 0.90 0.80 24.70 -2.40 percent [+]
GDP Deflator 104.20 101.50 120.00 87.80 Index Points [+]
Producer Prices 102.00 101.70 112.50 47.40 Index Points [+]
Export Prices 97.60 97.10 207.30 84.10 Index Points [+]
Import Prices 101.80 101.10 190.40 45.90 Index Points [+]
Food Inflation 2.10 1.40 31.60 -3.70 percent [+]
CPI Housing Utilities 99.60 99.60 102.20 25.50 Index Points [+]
CPI Transportation 100.10 100.00 104.40 38.50 Index Points [+]
Producer Prices Change 3.00 3.00 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 0.90 24.90 -2.50 1958 - 2018 percent Monthly
2015=100




inflation rate by Country
Country Last
Argentina 34.40 Aug/18
Australia 2.10 Jun/18
Brazil 4.53 Sep/18
Canada 2.80 Aug/18
China 2.30 Aug/18
Euro Area 2.10 Sep/18
France 2.20 Sep/18
Germany 2.30 Sep/18
India 3.77 Sep/18
Indonesia 2.88 Sep/18
Italy 1.50 Sep/18
Japan 1.30 Aug/18
Mexico 5.02 Sep/18
Netherlands 1.90 Sep/18
Russia 3.40 Sep/18
Saudi Arabia 2.20 Aug/18
Singapore 0.70 Aug/18
South Africa 4.90 Aug/18
South Korea 1.90 Sep/18
Spain 2.30 Sep/18
Switzerland 1.00 Sep/18
Turkey 24.52 Sep/18
United Kingdom 2.70 Aug/18
United States 2.30 Sep/18


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