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

Consumer prices in Japan rose by 1.1 percent year-on-year in March of 2018, after a 1.5 percent gain in the prior month and matching market consensus. It is the lowest inflation rate since December 2017. On a monthly basis, consumer prices declined by 0.4 percent, following a 0.1 percent increase in the preceding month and marking the first drop since March 2017, mainly due to a marked slowdown in cost of food. Inflation Rate in Japan averaged 3.01 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 at 3-Month Low of 1.1 % in March


Consumer prices in Japan rose by 1.1 percent year-on-year in March of 2018, after a 1.5 percent gain in the prior month and matching market consensus. It is the lowest inflation rate since December 2017, mainly due to a marked slowdown in cost of food.

In March, prices of food increased by 1.9 percent year-on-year, much slower than a 3 percent rise in February. It is the lowest food inflation in three months as cost rose less for fresh food (6.3 percent from 12.4 percent) and fresh fruits (3.3 percent from 5.6 percent), while continued to rise for fish and seafood (4.3 percent from 4.3 percent). Meantime, prices of dairy product and eggs continued to fall (-0.3 percent from -0.3 percent).

In addition, cost went up at a slower pace for: fuel, light and water charges (4 percent from 4.3 percent, as cost of electricity increased by 5.2 percent, following a 5.8 percent rise in the prior month); medical care (1.7 percent from 1.8 percent); education (0.3 percent from 0.4 percent); culture and recreation (0.5 percent from 1.3 percent) and miscellaneous (0.5 percent from 0.6 percent). At the same time, prices were flat for clothes and footwear (from 0.3 percent), fell more for housing (-0.2 percent compared to -0.1 percent) and continued to decline for furniture and household utensils (-1.4 percent from -1.7 percent). On the other hand, prices increased more for transport & communication (1.7 percent from 1.5 percent).

Core inflation rate, which excludes fresh food, edged down to 0.9 percent from 1 percent in February, matching expectations. 

On a monthly basis, consumer prices declined by 0.4 percent, following a 0.1 percent increase in the preceding month and marking the first drop since March 2017.


Statistics Japan | Rida Husna | rida@tradingeconomics.com
4/20/2018 9:06:14 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-22 11:30 PM Inflation Rate YoY 1.4% 1% 1.3% 1.1%
2018-03-22 11:30 PM Inflation Rate YoY 1.5% 1.4% 1.7% 1.4%
2018-04-19 11:30 PM Inflation Rate YoY 1.1% 1.5% 1.1% 1.5%
2018-05-25 11:30 PM Inflation Rate YoY 1.1% 1.4%
2018-06-29 11:30 PM Inflation Rate YoY 1.5%
2018-07-27 11:30 PM Inflation Rate YoY 1.6%


Japan Prices Last Previous Highest Lowest Unit
Inflation Rate 1.10 1.50 24.90 -2.50 percent [+]
Inflation Rate Mom -0.40 0.10 4.10 -1.10 percent [+]
Consumer Price Index CPI 101.00 101.30 101.30 17.40 Index Points [+]
Core Consumer Prices 100.60 100.60 100.80 31.00 Index Points [+]
Core Inflation Rate 0.90 1.00 24.70 -2.40 percent [+]
GDP Deflator 104.70 101.40 120.00 87.80 Index Points [+]
Producer Prices 100.30 100.40 112.50 47.40 Index Points [+]
Export Prices 95.20 96.10 207.30 84.10 Index Points [+]
Import Prices 95.00 96.60 190.40 45.90 Index Points [+]
Food Inflation 1.90 3.00 31.60 -3.70 percent [+]
CPI Housing Utilities 99.60 99.60 102.20 25.50 Index Points [+]
CPI Transportation 99.50 99.40 104.40 38.50 Index Points [+]
Producer Prices Change 2.10 2.60 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.50 24.90 -2.50 1958 - 2018 percent Monthly
2015=100




inflation rate by Country
Country Last
Australia 1.90 Dec/17
Brazil 2.68 Mar/18
Canada 2.30 Mar/18
China 2.10 Mar/18
Euro Area 1.30 Mar/18
France 1.60 Mar/18
Germany 1.60 Mar/18
India 4.28 Mar/18
Indonesia 3.40 Mar/18
Italy 0.80 Mar/18
Japan 1.10 Mar/18
Mexico 5.04 Mar/18
Netherlands 1.00 Mar/18
Russia 2.40 Mar/18
South Korea 1.30 Mar/18
Spain 1.20 Mar/18
Switzerland 0.80 Mar/18
Turkey 10.23 Mar/18
United Kingdom 2.50 Mar/18
United States 2.40 Mar/18


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