Inflation in Japan
Japan - Inflation (end of period)
Core inflation flatlines in August
Core consumer prices—which exclude fresh food—dropped 0.10% from the previous month in August, swinging from the 0.40% rise recorded in July. August's result marked the weakest reading since April.
Core consumer prices were flat on an annual basis in August, following July’s 0.2% year-on-year decrease. August's flat reading ended a run of 12 months to falling prices. Meanwhile, the trend was unchanged, with the annual average variation of core consumer prices coming in at July's minus 0.6% in August. Lastly, consumer prices for all items fell 0.4% on an annual basis in August, which was a sharper decrease compared to July's 0.3% decrease.
FocusEconomics panelists expect overall consumer prices to increase 0.0% in 2021, which is down 0.1 percentage points from last month’s estimate. In 2022, the panel sees prices rising 0.5%.
Japan - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||0.1||0.3||1.1||0.3||0.8|
5 years of economic forecasts for more than 30 economic indicators.
Japan Inflation (eop) Chart
Source: Statistics Bureau of Japan and FocusEconomics calculations.
|Bond Yield||-0.02||-4.41 %||Dec 30|
|Exchange Rate||108.7||-0.35 %||Jan 01|
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September 24, 2021
Core consumer prices—which exclude fresh food—dropped 0.10% from the previous month in August, swinging from the 0.40% rise recorded in July.
September 24, 2021
The Jibun Bank Composite Purchasing Managers’ Index (PMI)—which combines the PMIs of the services and manufacturing sectors—rose to 47.7 in September according to a flash reading, up from August’s final figure of 45.5.
September 22, 2021
At its meeting ending on 22 September, the Bank of Japan (BoJ) kept its monetary policy unchanged, as widely expected by market analysts.
September 16, 2021
Yen-denominated merchandise exports rose 26.2% year-on-year in August, following July’s 37.0% jump.
September 15, 2021
Core machinery orders—which cover the private sector, exclude volatile orders and are a leading indicator for capital spending over the coming three-to-six-month period—grew 0.9% in month-on-month seasonally-adjusted terms in July, which contrasted June's 1.5% decrease.