Japan's consumer prices declined by 0.1 percent year-on-year in May 2021, after a 0.4 percent drop in the prior month. This was the eighth straight month of fall in consumer prices but the least in the sequence, amid ongoing COVID-19 disruptions. Cost eased for transportation & communication (-1.5% vs -2.3% in April), fuel, light and water charges (-0.3% vs -2.8%), and medical care (-0.1% vs -0.3%). Also, food prices fell 0.9%, slowing from a 1.2% decline in April. In contrast, prices went up further for housing (0.6% vs 0.6%), furniture and household utensils (2.1% vs 2.5%), recreation (0.6% vs 1.1%), education (1.3% vs 0.8%), and miscellaneous (1.4% vs 1.6%). Core consumer prices, which exclude fresh food, rose 0.1 percent yoy, the first rise in 14 months, after a 0.1 percent fall in April and matching market consensus. On a monthly basis, consumer prices went up 0.3 percent, following a 0.4 percent drop in April. source: Ministry of Internal Affairs & Communications

Inflation Rate in Japan averaged 2.88 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 June of 2021.

Inflation Rate in Japan is expected to be 0.00 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 0.50 in 12 months time. In the long-term, the Japan Inflation Rate is projected to trend around 0.70 percent in 2022 and 1.40 percent in 2023, according to our econometric models.

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Japan Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 -0.40 24.90 -2.50 1958 - 2021 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2021-03-18 11:30 PM Feb -0.4% -0.6% -0.4%
2021-04-22 11:30 PM Mar -0.2% -0.4% -0.1%
2021-05-20 11:30 PM Apr -0.4% -0.2% 0.1%
2021-06-17 11:30 PM May -0.1% -0.4% -0.3%
2021-07-19 11:30 PM Jun -0.1%
2021-08-19 11:30 PM Jul
2021-09-23 11:30 PM Aug
2021-10-21 11:30 PM Sep


News Stream
Japan Consumer Prices Fall at Softer Pace
Japan's consumer prices declined by 0.1 percent year-on-year in May 2021, after a 0.4 percent drop in the prior month. This was the eighth straight month of fall in consumer prices but the least in the sequence, amid ongoing COVID-19 disruptions. Cost eased for transportation & communication (-1.5% vs -2.3% in April), fuel, light and water charges (-0.3% vs -2.8%), and medical care (-0.1% vs -0.3%). Also, food prices fell 0.9%, slowing from a 1.2% decline in April. In contrast, prices went up further for housing (0.6% vs 0.6%), furniture and household utensils (2.1% vs 2.5%), recreation (0.6% vs 1.1%), education (1.3% vs 0.8%), and miscellaneous (1.4% vs 1.6%). Core consumer prices, which exclude fresh food, rose 0.1 percent yoy, the first rise in 14 months, after a 0.1 percent fall in April and matching market consensus. On a monthly basis, consumer prices went up 0.3 percent, following a 0.4 percent drop in April.
2021-06-17
Japan Consumer Prices Drop for 7th Month
Japan's consumer prices declined by 0.4 percent year-on-year in April 2021, after a 0.2 percent drop in the prior month. This was the seventh straight month of fall in consumer prices, as a resurgence of COVID-19 cases weighed on household spending. Cost continued to drop for transportation & communication (-2.3% vs -0.4% in March), fuel, light and water charges (-2.8% vs -4.8%), and medical care (-0.3% vs -0.4%). Also, food prices fell 1.2%, the most in over two years. In contrast, prices went up for housing (0.6% vs 0.6%), furniture and household utensils (2.5% vs 2.9%), recreation (1.1% vs 0.4%), education (0.8% vs -2.2%), and miscellaneous (1.6% vs 1.4%). Core consumer prices, which exclude fresh food, dropped 0.1 percent yoy, the ninth straight month of fall, after a 0.1 percent fall in March and less than consensus of a 0.2 percent drop. On a monthly basis, consumer prices also fell 0.4 percent, the first drop in four months, following a 0.2 percent gain in March.
2021-05-20
Japan Consumer Prices Fall at Softer Pace
Japan's consumer prices declined by 0.2 percent year-on-year in March 2021, after a 0.4 percent drop in the previous month. This was the sixth straight month of decrease in consumer prices but the least in the sequence, as the COVID-19 pandemic weighs on household spending. Cost continued to fall for transportation & communication (-0.4% vs -1.3%), fuel, light and water charges (-4.8% vs -5.8%), medical care (-0.4% vs -0.4%), and education (-2.2% vs -2.1%). Also, food prices fell by 0.2%, after being flat in February. In contrast, cost went up for housing (0.6% vs 0.6%), furniture and household utensils (2.9% vs 2.6%), recreation (0.4% vs -0.2%), and miscellaneous (1.4% vs 1.5%). Core consumer prices, which exclude fresh food, dropped 0.1 percent year-on-year, the eighth straight month of fall, after a 0.4 percent decline in February and matching consensus. On a monthly basis, prices rose by 0.2 percent, the third consecutive month of rise, after a 0.1 percent gain in February.
2021-04-22
Japan Consumer Prices Drop 0.4% YoY
Japan's consumer prices declined 0.4 percent year-on-year in February 2021, after falling 0.6 percent in the previous month, as the pandemic continued to weigh on consumption. Prices were mainly dragged by utilities (-5.8 percent vs -6.3 percent in January), education (-2.1 percent vs -2.2 percent), transportation & communication (-1.3 percent vs -1.8 percent), medical care (-0.4 percent vs -0.5 percent), and culture & recreation (-0.2 percent vs -0.1 percent). Meanwhile, food prices were unchanged after edging down 0.1 percent. Core consumer prices, which exclude fresh food, dropped 0.4 percent on an annual basis in February, matching consensus. On a monthly basis, prices increased 0.1 percent after a 0.6 percent jump in January.
2021-03-18

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.