Japan's consumer price inflation sank to 0.1 percent yoy in April 2020 and fell to the lowest level since November of 2016, as Covid-19 pandemic continued to hamper consumption. Prices fell for transport & communication (-1.2 percent vs 0.7 percent in March), amid slumping oil prices. Meanwhile, inflation slowed for housing (0.7 percent vs 0.8 percent), medical care (0.5 percent vs 0.7 percent). In contrast, inflation went up for clothes & footwear (1.4 percent vs 1.3 percent) and food (2.1 percent vs 1.4 percent). On a monthly basis, consumer prices fell 0.2 percent after remaining unchanged in March. The annual core inflation rate, which excludes fresh food, fell to 0.2 percent after a 0.6 percent print in the previous two months and remained well below the Bank of Japan's 2% target.

Inflation Rate in Japan averaged 2.93 percent from 1958 until 2020, reaching an all time high of 24.90 percent in February of 1974 and a record low of -2.50 percent in October of 2009. This page provides the latest reported value for - Japan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Ministry of Internal Affairs & Communications

Inflation Rate in Japan is expected to be -0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Japan to stand at 0.20 in 12 months time. In the long-term, the Japan Inflation Rate is projected to trend around 1.00 percent in 2021 and 1.20 percent in 2022, according to our econometric models.

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Japan Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.40 24.90 -2.50 1958 - 2020 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-02-20 11:30 PM Jan 0.7% 0.8% 0.7% 0.7%
2020-03-18 11:30 PM Feb 0.4% 0.7% 0.8% 0.5%
2020-04-23 11:30 PM Mar 0.4% 0.4% 0.2%
2020-05-21 11:30 PM Apr 0.1% 0.4% 0.2%
2020-06-18 11:30 PM May 0.1%
2020-07-20 11:30 PM Jun -0.7%
2020-08-20 11:30 PM Jul
2020-09-17 11:30 PM Aug


News Stream
Japan Inflation Sinks to 0.1% YoY
Japan's consumer price inflation sank to 0.1 percent yoy in April 2020 and fell to the lowest level since November of 2016, as Covid-19 pandemic continued to hamper consumption. Prices fell for transport & communication (-1.2 percent vs 0.7 percent in March), amid slumping oil prices. Meanwhile, inflation slowed for housing (0.7 percent vs 0.8 percent), medical care (0.5 percent vs 0.7 percent). In contrast, inflation went up for clothes & footwear (1.4 percent vs 1.3 percent) and food (2.1 percent vs 1.4 percent). On a monthly basis, consumer prices fell 0.2 percent after remaining unchanged in March. The annual core inflation rate, which excludes fresh food, fell to 0.2 percent after a 0.6 percent print in the previous two months and remained well below the Bank of Japan's 2% target.
2020-05-21
Japan Inflation Rate Steady at 4-Month Low of 0.4%
Japan's consumer price inflation remained unchanged at 0.4 percent yoy in March 2020. Still, it was the lowest inflation since last October, as Covid-19 pandemic continued to hamper consumption. Prices slowed mostly for transport & communication (0.7 percent vs 1.4 percent in February), amid slumping oil prices. Meanwhile, inflation remained unchanged for housing (0.8 percent), clothes & footwear (1.3 percent), and medical care (0.7 percent). In contrast, food prices continued to grow (1.4 percent vs 1.2 percent). On a monthly basis, consumer prices remained unchanged after declining 0.1 percent in February. The annual core inflation rate, which excludes fresh food, remained unchanged at 0.6 percent and well below the Bank of Japan's 2% target.
2020-04-23
Japan Inflation Rate Slows to 4-Month Low
Japan's consumer price inflation unexpectedly fell to 0.4% yoy in February 2020 from 0.7% in the previous month, below market consensus of 0.8%. This was the lowest inflation rate since last October, as prices went up less for furniture & household utensils (2.1% vs 2.7% in January), culture & recreation (1.1% vs 2.1%), medical care (0.7% vs 0.8%), and transport & communication (1.4% vs 1.7%), reflecting decreases in crude oil prices. In addition, fuel, light & water charges, education and miscellaneous goods & services remained in deflationary territory. Meanwhile, inflation was unchanged for both food (at 1.2%) and housing (at 0.8%), while prices rose faster for clothes & footwear (1.3% vs 1.1%). On a monthly basis, consumer prices dropped 0.1%, after being unchanged in January. The annual core inflation rate, which excludes fresh food, fell to 0.6% from 0.8% remaining well below the Bank of Japan's 2% target.
2020-03-18
Japan Inflation Rate Eases from 8-Month High
Japan's consumer price inflation edged down to 0.7 percent year-on-year in January 2020 from an eight-month high of 0.8 percent in the previous month, as prices went up at a slower pace for food (1.2 percent vs 1.9 percent in December), furniture & household utensils (2.7 percent vs 3 percent), clothes & footwear (1.1 percent vs 1.4 percent) and culture & recreation (2.1 percent vs 2.8 percent). Meanwhile, inflation was flat for housing (at 0.8 percent), and picked up for transport & communication (1.7 percent vs 0.8 percent) and medical care (0.8 percent vs 0.5 percent). Fuel, light & water charges, education and miscellaneous goods & services remained in deflationary territory. On a monthly basis, consumer prices were unchanged in January, after a 0.1 percent gain in December. Annual core inflation rate, which excludes fresh food, rose to 0.8 percent, remaining well below the Bank of Japan's 2 percent target.
2020-02-20

Japan Inflation Rate
In Japan, the most important categories in the consumer price index are Food (25 percent of total weight) and Housing (21 percent). Transportation and communications accounts for 14 percent; Culture and recreation for 11.5 percent; Fuel, light and water charges for 7 percent; Medical care for 4.3 percent; Clothes and footwear for 4 percent. Furniture and household utensils, Education and Miscellaneous goods and services account for the remaining.