Japan's consumer price inflation dropped to 0.2 percent yoy in August from 0.3 percent in July 2020, as the pandemic continued to hamper consumption excluding food. Food inflation jumped to 2.9 percent from 1.9 percent. Prices for education continued to drop at a sharp 10.3 percent pace. In contrast, prices for transport & communication rose by 0.2 percent after edging down 0.1 percent in July. Meanwhile, deflation for fuel, light & water charges softened (-1.9 percent vs -2.2 percent). On a monthly basis, consumer prices edged down 0.1 percent after edging up 0.2 percent. Core consumer prices, which exclude fresh food, fell a sharp 0.4 percent after remaining unchanged in the two previous months.
Inflation Rate in Japan averaged 2.92 percent from 1958 until 2020, 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 2020. source: Ministry of Internal Affairs & Communications
Inflation Rate in Japan is expected to be -0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Japan to stand at 0.60 in 12 months time. In the long-term, the Japan Inflation Rate is projected to trend around 1.00 percent in 2021 and 1.20 percent in 2022, according to our econometric models.