Inflation in Japan

Japan Inflation | Economic News & Forecasts

Japan - Inflation

Core consumer prices continue to fall in September

Core consumer prices—which exclude fresh food—rose 0.10% from the previous month in September, swinging from August's 0.39% drop. September’s reading was driven by higher clothing prices.

Core consumer prices decreased 0.3% year-on-year in September, a more moderate drop compared to August’s 0.4% fall. Meanwhile, the trend pointed up mildly, with the annual average variation of core consumer prices coming in at minus 0.3% in September (August: -0.4%). Lastly, consumer prices were unchanged over the same month last year, after rising 0.2% in the previous month.

FocusEconomics panelists project consumer prices to remain unchanged on average in 2020, which is up 0.1 percentage points from last month’s forecast. In 2021, our panelists project consumer prices to rise 0.2%, which is unchanged from last month.

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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