Japan Inflation June 2021

Japan

Japan: Inflation rises marginally in June

July 20, 2021

Core consumer prices increased 0.10% in June over the previous month, moderating from May's 0.20% increase.

Core consumer prices—which exclude fresh food—increased to 0.2% in June, rising from May’s 0.1% reading and marking a 15-month high. Meanwhile, the trend was unchanged, with the annual average variation of core consumer prices coming in at May's minus 0.4% in June. Lastly, consumer prices for all items came in at 0.2% in June, contrasting the previous month's 0.1% decrease in prices.

FocusEconomics panelists expect overall consumer prices to increase 0.1% in 2021, which is unchanged from last month’s estimate. In 2022, the panel sees prices rising 0.6%.


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Japan Inflation June 2021

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


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