Japan Inflation October 2021


Japan: Core inflation rises marginally in October

November 19, 2021

Core consumer prices—which exclude fresh food—fell 0.20% over the previous month in October, contrasting September's 0.10% rise.

Core consumer prices rose 0.2% in October, up slightly from September’s 0.1% increase. October's result marked the highest inflation rate since March 2020. Meanwhile, the trend was unchanged, with the annual average variation of core consumer prices coming in at September's minus 0.5% in October. Finally, consumer price inflation edged down to 0.1% in October, from September’s 0.2%.

FocusEconomics panelists expect overall consumer prices to increase 0.6% in 2022, which is unchanged from last month’s estimate. In 2023, the panel sees prices rising 0.6%.


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Japan Inflation Chart

Japan Inflation October 2021 0

Note: Year-on-year and seasonally adjusted month-on-month variation of consumer price index in %.
Source: Statistics Bureau (SB) and FocusEconomics calculations.

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