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 June 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.