The Consumer Price Index in Japan increased 0.40 percent in May of 2026 over the previous month. Inflation Rate MoM in Japan averaged 0.19 percent from 1970 until 2026, reaching an all time high of 4.10 percent in January of 1974 and a record low of -1.10 percent in November of 1977. source: Statistics Bureau of Japan

Inflation Rate MoM in Japan is expected to be 0.20 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 MoM is projected to trend around 0.30 percent in 2027 and 0.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-21 11:30 PM
Inflation Rate MoM
Apr 0.1% 0.4% 0.5%
2026-06-18 11:30 PM
Inflation Rate MoM
May 0.4% 0.1% 0.3%
2026-07-23 11:30 PM
Inflation Rate MoM
Jun 0.4% 0.2%


Related Last Previous Unit Reference
Consumer Price Index CPI 113.50 113.00 points May 2026
Core Consumer Prices 113.00 112.50 points May 2026
Core Inflation Rate YoY 1.40 1.40 percent May 2026
CPI Clothes and Footwear 113.40 113.30 points May 2026
Inflation Rate Ex-Food and Energy YoY 1.80 1.90 percent May 2026
CPI Education 89.80 89.90 points May 2026
CPI Food 128.70 128.40 points May 2026
CPI Housing Utilities 104.90 104.70 points May 2026
CPI Recreation and Culture 118.00 117.40 points May 2026
CPI Transportation and Communication 101.50 101.30 points May 2026
Food Inflation 3.50 3.60 percent Apr 2026
Inflation Rate YoY 1.50 1.40 percent May 2026
Inflation Rate MoM 0.40 0.10 percent May 2026
Tokyo Core CPI YoY 1.30 1.50 percent May 2026
Tokyo CPI YoY 1.40 1.50 percent May 2026
Tokyo CPI Ex Food and Energy YoY 1.60 1.90 percent May 2026


Japan Inflation Rate MoM
Inflation Rate MoM measures month over month change in the price of goods and services.
Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.10 4.10 -1.10 1970 - 2026 percent Monthly
SA