Japan Inflation November 2017


Japan: Core inflation continues to rise in November

December 26, 2017

In November, the core consumer price index rose 0.2% from the previous month in seasonally-adjusted terms, matching October’s result.

Core inflation rose from October’s 0.8% to 0.9% in November, which represented the highest reading since March 2015. The print was slightly above the 0.8% that market analysts had expected. Overall inflation rose from 0.2% in October to 0.6% in November.

Core inflation for Tokyo—available one month in advance of the national figures and thus a leading indicator for countrywide inflation—rose from November’s 0.6% to 0.8% in December.

Japan Inflation Forecast

The Bank of Japan (BoJ) expects that core inflation will be 1.4% in the fiscal year ending March 2019. In the following fiscal year, the BoJ sees inflation rising to 2.3%. FocusEconomics Consensus Forecast panelists expect inflation of 0.8% in calendar year 2018, which is unchanged from last month’s estimate. In 2019, the panel sees inflation at 1.2%.

Author: Ricard Torné, Lead Economist

Sample Report

Looking for forecasts related to Inflation in Japan? Download a sample report now.


Japan Inflation Chart

Japan Inflation November 2017

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

Japan Economic News

More news

Search form