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.

Inflation Rate in Japan averaged 2.92 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 September of 2020. source: Ministry of Internal Affairs & Communications

Inflation Rate in Japan is expected to be -0.60 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 0.60 in 12 months time. In the long-term, the Japan Inflation Rate is projected to trend around 1.00 percent in 2021 and 1.20 percent in 2022, according to our econometric models.

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Japan Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.30 24.90 -2.50 1958 - 2020 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-06-18 11:30 PM May 0.1% 0.1% 0.1% 0.1%
2020-07-20 11:30 PM Jun 0.1% 0.1% 0.1%
2020-08-20 11:30 PM Jul 0.3% 0.1% 0.1%
2020-09-17 11:30 PM Aug 0.2% 0.3% 0.1%
2020-10-22 11:30 PM Sep 0.2% -0.6%
2020-11-19 11:30 PM Oct
2020-12-17 11:30 PM Nov


News Stream
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 Climbs to 0.3% YoY
Japan's consumer price inflation climbed to 0.3 percent in July from an over 3-year low of 0.1 percent yoy in June 2020, as the pandemic continued to hamper consumption excluding food. Prices fell at a softer 10.3 percent pace for education (vs 10.5 percent in June) and 0.1 percent for transport & communication (vs -0.5 percent). In contrast, fuel, light & water charges prices dropped further (-2.2 percent vs -2 percent). Meanwhile, inflation for housing remained unchanged at 0.7 percent. Food inflation jumped to 1.9 percent from 1.5 percent in the previous month. On a monthly basis, consumer prices edged up 0.2 percent after edging up 0.1 percent. Core consumer prices, which exclude fresh food, remained unchanged for the second month.
2020-08-20
Japan Inflation Rate Remains at 3-Year Lows
Japan's consumer price inflation stood at an over 3-year low of 0.1 percent yoy in June 2020, as the pandemic continued to hamper consumption. Prices fell a sharp 10.5 percent for education, and fell for transport & communication (-0.5 percent), fuel, light & water charges (-2 percent), and miscellaneous (-3 percent). Meanwhile, inflation for housing edged down to 0.7 percent (vs 0.8 percent in May) and for clothing & footwear to 1.3 percent (vs 1.4 percent in May). Also, inflation for food declined to 1.5 percent from 2.1 percent. In contrast, medical care costs went up 0.6 percent (vs 0.5 percent in May). On a monthly basis, consumer prices edged up 0.1 percent after remaining flat. Core consumer prices, which exclude fresh food, remained unchanged after dropping 0.2 percent in the previous month and compared to a 0.1 percent decline.
2020-07-20
Japan Inflation Rate Steady at Over 3-Year Low of 0.1%
Japan's consumer price inflation stood at an over 3-year low of 0.1 percent yoy in May 2020, in line with market estimates, as Covid-19 pandemic continued to hamper consumption. Prices fell further for transport & communication (-1.7 percent vs -1.2 percent in April), amid slumping oil prices. In contrast, inflation edged up for housing (0.8 percent vs 0.7 percent) while it remained unchanged for medical care (at 0.5 percent); clothing & footwear (at 1.4 percent) and food (at 2.1 percent). On a monthly basis, consumer prices were flat after declining 0.2 percent. Core consumer prices, which exclude fresh food, dropped 0.2 percent (the same pace as in April) and compared with market consensus of a 0.1 percent drop.
2020-06-18

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.