Japan's consumer price inflation eased to a 5-month low of 0.8 percent year-on-year in November 2018 from 1.4 percent in the previous month, in line with market expectations. Food and transport prices rose at a slower pace while housing costs continued to fall. On a monthly basis, consumer prices declined 0.2 percent in November, the first monthly drop since April, after a 0.2 percent rise in October. Inflation Rate in Japan averaged 2.99 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.
Inflation Rate in Japan is expected to be 1.30 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 1.10 in 12 months time. In the long-term, the Japan Inflation Rate is projected to trend around 1.50 percent in 2020, according to our econometric models.