Japan Inflation February 2020

Japan

Japan: Headline inflation slows in February

March 19, 2020

The core consumer price index, which excludes the price of fresh food, decreased 0.1% month-on-month in seasonally-adjusted terms in February, contrasting the 0.1% increase in January, mainly due to lower prices for transportation and communication.

Core inflation slowed to 0.6% in February from 0.8% in January, as expected by market analysts but still well below the Bank of Japan’s inflation target of 2.0%. Meanwhile, overall inflation slowed to 0.4% in February from 0.7% in January.

FocusEconomics Consensus Forecast panelists expect inflation of 0.8% in 2020, which is unchanged from last month’s estimate. In 2021, the panel sees inflation at 0.8% again.


Author:, Economist

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Japan Inflation February 20 20

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


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