Mount Fuji, Japan

Japan Inflation December 2020

Japan: Core consumer prices post greatest decline since September 2010 in December

Core consumer prices were flat over the previous month in December, following November’s 0.10% drop.

Core consumer prices—which exclude fresh food—dropped 1.0% year-on-year in December, edging down from November’s 0.9% fall. December’s figure represented the largest fall in prices since September 2010. As such, the trend pointed down slightly, with the annual average variation of core consumer prices coming in at minus 1.1% in December (November: -1.0%). Lastly, consumer prices for all items fell 1.2% on an annual basis in December, which was a sharper drop than November’s 0.9% decrease.

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