Inflation in Japan

Japan Inflation | Economic News & Forecasts

Japan - Inflation

Core consumer prices fall again in May

The core consumer price index, which excludes the price of fresh food, decreased 0.1% month-on-month in seasonally-adjusted terms in May, after falling 0.5% in April. This latest decline was largely due to lower prices for transportation and energy.

The core consumer price index decreased 0.2% in May compared to the same month last year, as it did in April. The change was also substantially below the Bank of Japan’s target of a 2.0% increase. Overall inflation was unchanged at 0.1% in May.

FocusEconomics Consensus Forecast panelists expect overall consumer prices to drop 0.1% in 2020, which is unchanged from last month’s estimate. In 2021, the panel sees prices rising 0.2%.

Japan - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)0.8  -0.1  0.5  1.0  0.5  

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Japan Inflation Chart


Japan Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistics Bureau of Japan and FocusEconomics calculations.

Japan Facts

Value Change Date
Bond Yield-0.02-4.41 %Dec 30
Exchange Rate108.7-0.35 %Jan 01

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