Inflation in Japan
Japan - Inflation
Core inflation rises marginally in October
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%.
Japan - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.8||-0.1||0.5||1.0||0.5|
5 years of economic forecasts for more than 30 economic indicators.
Japan Inflation Chart
Source: Statistics Bureau of Japan and FocusEconomics calculations.
|Bond Yield||-0.02||-4.41 %||Dec 30|
|Exchange Rate||108.7||-0.35 %||Jan 01|
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November 30, 2021
Japan went to the polls to elect all 465 members of the powerful lower house of the National Diet at the end of October.
November 24, 2021
The Jibun Bank Composite Purchasing Managers’ Index (PMI)—which combines the PMIs of the services and manufacturing sectors—rose to 52.5 in November according to a flash reading, up from October’s final figure of 50.7.
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.
November 17, 2021
Core machinery orders—which cover the private sector, exclude volatile orders and are a leading indicator for capital spending over the coming three-to-six-month period—were flat month-on-month in seasonally-adjusted terms in September, after falling 2.4% in August.
November 17, 2021
Yen-denominated merchandise exports rose 9.4% year-on-year in October, slowing from September’s 13.0% growth.