Japan's consumer prices rose 0.6% YoY in November 2021, the most in nearly two years and compared with a 0.1% gain a month earlier. The upward pressure came mainly from a 9.2% annual increase in fuel, light and water charges, confirming signs that soaring energy and raw material prices are pushing more broadly through the Japanese economy and are being felt by consumers. Consumer prices also increased for culture & recreation (4.3%), food (1.4%) and education (1.2%). In contrast, prices decreased in transportation & communication (-6.9%) and medical care (-0.2%). Core consumer prices, which exclude fresh food, went up at 0.5% YoY in November, beating market expectations for a 0.4% increase but remaining well below the central bank’s 2% target. On a monthly basis, consumer prices rose 0.3% in November, swinging from a 0.3% decline in the previous month. source: Ministry of Internal Affairs & Communications
Inflation Rate in Japan averaged 2.85 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 January of 2022.
Inflation Rate in Japan is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Inflation Rate is projected to trend around 0.50 percent in 2022 and 1.00 percent in 2023, according to our econometric models.