Japan Inflation February 2021


Japan: Core consumer prices continue to fall year-on-year in February

March 19, 2021

Core consumer prices rose 0.10% over the previous month in February, below the 0.49% increase seen in January.

Core consumer prices—which exclude fresh food—decreased 0.4%in February, following January’s 0.6% fall. The annual average variation of core consumer prices ticked down to minus 0.4% in February (January: -0.3%). Lastly, consumer prices for all items fell 0.4% on an annual basis in February, which was a smaller fall than January's 0.6% decrease.

FocusEconomics panelists expect overall consumer prices to increase 0.1% in 2021, which is unchanged from last month’s estimate. In 2022, the panel sees prices rising 0.5%.


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Japan Inflation Chart

Japan Inflation February 2021

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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