Mount Fuji, Japan

Japan Inflation March 2021

Japan: Core consumer prices record smallest fall in eight months in March

Core consumer prices increased 0.20% over the previous month in March, accelerating from the 0.10% rise recorded in February.

Core consumer prices—which exclude fresh food—fell 0.1% in annual terms in March, following February’s 0.4% fall. March’s figure marked the smallest decrease in prices since July 2020. Meanwhile, the trend was unchanged, with the annual average variation of core consumer prices coming in at February’s minus 0.4% in March. Lastly, consumer prices for all items fell 0.2% on an annual basis in March, which was a more moderate fall compared to February’s 0.4% decrease.

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