Mount Fuji, Japan

Japan Inflation March 2023

Japan: Inflation declines to lowest level since September 2022 in March

Inflation ticked down to 3.2% in March, from February’s 3.3%. March’s reading represented the lowest inflation rate since September 2022.

Annual average inflation ticked up to 3.2% in March (February: 3.0%). Meanwhile, core inflation edged down to 3.1% in March, from February’s 3.2%.

Lastly, consumer prices increased 0.38% from the previous month in March, swinging from February’s 0.64% fall.

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