The annual inflation rate in Japan was at 2.5% in May 2022, unchanged from April's 7-1/2-year high figure and in line with market consensus. This was also the 9th straight month of rises in consumer prices, with food inflation hitting its highest in over 7 years (4.1% vs 4% in April). Additional upward pressures also came from cost of fuel, light and water charges (14.4% vs 15.7%), clothes (0.9% vs 0.8%), housing (0.5% vs 0.4%), furniture (3.6% vs 2.3%), education (0.8% vs 0.9%), culture & recreation (1.7% vs 1.6%), and miscellaneous (1.1% vs 1.2%). At the same time, cost fell further for both transport (-0.8% vs -0.2%) and medical care (-0.8% vs -0.7%). Core consumer prices was at 2.1% yoy in May, the same pace as in April which was the most since March 2015, matching forecasts, while was above the BoJ’s 2% target for the second straight month. On a monthly basis, consumer prices went up 0.2% in May, the least since January, after a 0.4% gain in the prior three months. source: Ministry of Internal Affairs & Communications

Inflation Rate in Japan averaged 2.84 percent from 1958 until 2022, 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 July of 2022.

Inflation Rate in Japan is expected to be 2.80 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 1.00 percent in 2023, according to our econometric models.

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Japan Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-19 11:30 PM Apr 2.5% 1.2% 1.5%
2022-06-23 11:30 PM May 2.5% 2.5% 2.3%
2022-07-21 11:30 PM Jun 2.5%


Related Last Previous Unit Reference
Inflation Rate 2.50 2.50 percent May 2022
Inflation Rate Mom 0.20 0.40 percent May 2022
Core Inflation Rate 2.10 2.10 percent May 2022
Food Inflation 4.10 4.00 percent May 2022
Tokyo CPI 101.80 101.90 points Jun 2022
CPI Transportation 92.80 93.00 points May 2022
CPI Core Core 0.80 0.80 percent May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.50 24.90 -2.50 1958 - 2022 percent Monthly
NSA

News Stream
Japan Inflation Rate Stays at 7-1/2-Year High
The annual inflation rate in Japan was at 2.5% in May 2022, unchanged from April's 7-1/2-year high figure and in line with market consensus. This was also the 9th straight month of rises in consumer prices, with food inflation hitting its highest in over 7 years (4.1% vs 4% in April). Additional upward pressures also came from cost of fuel, light and water charges (14.4% vs 15.7%), clothes (0.9% vs 0.8%), housing (0.5% vs 0.4%), furniture (3.6% vs 2.3%), education (0.8% vs 0.9%), culture & recreation (1.7% vs 1.6%), and miscellaneous (1.1% vs 1.2%). At the same time, cost fell further for both transport (-0.8% vs -0.2%) and medical care (-0.8% vs -0.7%). Core consumer prices was at 2.1% yoy in May, the same pace as in April which was the most since March 2015, matching forecasts, while was above the BoJ’s 2% target for the second straight month. On a monthly basis, consumer prices went up 0.2% in May, the least since January, after a 0.4% gain in the prior three months.
2022-06-23
Japan Inflation Rate Hits 7-1/2-Year High
Japan's consumer prices rose by 2.5% yoy in April 2022, the most since October 2014, after a 1.2% gain a month earlier. The latest figure also marked the 8th straight month of annual inflation, with food prices rising at the fastest pace in 7 years (4% vs 3.4% in March). Additional upward pressures also came from cost of fuel, light and water charges (15.7% vs 16.4%), clothes & footwear (0.8% vs 0.7%), culture & recreation (1.3% vs 1.3%), housing (0.4% vs 0.3%), furniture (2.3% vs 0.4%), education (0.9% vs 1.4%), and miscellaneous (1.2% vs 1%). At the same time, cost of transport fell by 0.2%, much softer than a 7% drop in March. Meanwhile, prices of medical care dropped further(-0.7% vs -0.4%). Core consumer prices went up 2.1% yoy, the 8th consecutive month of rises and the most since March 2015, matching forecasts and beating the BoJ’s 2% target for the first time in seven years. On a monthly basis, consumer prices went up 0.4% in April, the same pace as in the prior two months.
2022-05-19
Japan Inflation Rate Hits 3-1/2-Year High
Japan's consumer prices rose by 1.2% yoy in March 2022, the most since October 2018, after a 0.9% gain a month earlier. The latest figure marked the 7th straight month of annual inflation, with food prices rising at the fastest pace in over 5 years (3.4% vs 2.8% in February). Additional upward pressures also came from cost of fuel, light and water charges (16.4% vs 15.3%), clothes & footwear (0.7% vs 1.4%), culture & recreation (1.3% vs 1.3%), housing (0.3% vs 0.3%), education (1.4% vs 1.2%), and miscellaneous (1% vs 0.9%). By contrast, prices fell for medical care (-0.4% vs flat reading), transport (-7% vs -7.4%) and furniture (-0.4% vs -0.8%). Core consumer prices went up 0.8% yoy, the 7th consecutive month of rises and the most since January 2020, matching forecasts but remaining well below the BoJ’s 2% target. On a monthly basis, consumer prices went up 0.4% in March, the same pace as in February and staying at their steepest pace in five months.
2022-04-21