Japan's consumer prices declined 0.9 percent year-on-year in November of 2020, after falling 0.4 percent in the previous month, as the pandemic continued to drag consumption heavily. The decline was bigger than expected and was the sharpest since August of 2010. Prices were mainly dragged by utilities (-5.4 percent vs -2.9 percent in October), food (-0.2 percent vs 1.1 percent), education (-2.2 percent vs -2.1 percent), transportation & communication (-1.1 percent vs -0.9 percent), and culture & recreation (-3.8 percent vs -4.0 percent). Meanwhile, prices for medical care fell again by 0.5 percent. On a monthly basis, consumer prices dropped 0.4 percent after edging down 0.1 percent. Core consumer prices, which exclude fresh food, dropped 0.9 percent on the year. source: Ministry of Internal Affairs & Communications

Inflation Rate in Japan averaged 2.90 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 January of 2021.

Inflation Rate in Japan is expected to be -0.30 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 0.40 in 12 months time. In the long-term, the Japan Inflation Rate is projected to trend around 0.30 percent in 2021 and 0.70 percent in 2022, according to our econometric models.

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Japan Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 -0.40 24.90 -2.50 1958 - 2020 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-09-17 11:30 PM Aug 0.2% 0.3% 0.1%
2020-10-22 11:30 PM Sep 0.0% 0.2% 0.1%
2020-11-19 11:30 PM Oct -0.4% 0% -0.3% -0.2%
2020-12-17 11:30 PM Nov -0.9% -0.4% -0.5%
2021-01-21 11:30 PM Dec -0.9% -1%
2021-02-18 11:30 PM Jan
2021-03-18 11:30 PM Feb
2021-04-23 11:30 PM Mar


News Stream
Japan Records Sharpest Deflation in 10 Years
Japan's consumer prices declined 0.9 percent year-on-year in November of 2020, after falling 0.4 percent in the previous month, as the pandemic continued to drag consumption heavily. The decline was bigger than expected and was the sharpest since August of 2010. Prices were mainly dragged by utilities (-5.4 percent vs -2.9 percent in October), food (-0.2 percent vs 1.1 percent), education (-2.2 percent vs -2.1 percent), transportation & communication (-1.1 percent vs -0.9 percent), and culture & recreation (-3.8 percent vs -4.0 percent). Meanwhile, prices for medical care fell again by 0.5 percent. On a monthly basis, consumer prices dropped 0.4 percent after edging down 0.1 percent. Core consumer prices, which exclude fresh food, dropped 0.9 percent on the year.
2020-12-17
Japan Consumer Prices Fall for First Time Since 2016
Japan's consumer prices declined 0.4 percent in October year-on-year after remaining unchanged in the previous month, as the pandemic continued to drag consumption. The decline was sharper than the 0.3 percent expected by consensus and was the sharpest in more than 4 years. Food inflation declined to 1.1 percent from 1.9 percent. Prices fell for education (-2.1 percent), culture & recreation (-4 percent), medical care (-0.5 percent), and utilities (-2.9 percent). Also, prices for transport & communication declined 0.9 percent after increasing 0.4 percent in September. On a monthly basis, consumer prices edged down 0.1 percent for the third month. Core consumer prices, which exclude fresh food, dropped 0.7 percent after falling 0.3 percent in the previous month.
2020-11-19
Japan Consumer Prices Unchanged in September
Japan's consumer prices remained unchanged September year-on-year after increasing 0.2 percent in the previous month, as the pandemic continued to hamper consumption. Food inflation declined to 1.9 percent from 2.9 percent. Prices for education continued to drop at a sharp 10.3 percent pace. In contrast, prices for transport & communication rose by 0.4 percent after increasing 0.2 percent in August. Meanwhile, deflation for fuel, light & water charges accelerated (-2.2 percent vs -1.9 percent). On a monthly basis, consumer prices edged down 0.1 percent for the second month. Core consumer prices, which exclude fresh food, dropped 0.3 percent after falling 0.4 percent in the previous month.
2020-10-22
Japan Inflation Rate Edges Down
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.
2020-09-17

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.