Japan's consumer price inflation stood at 0.2 percent year-on-year in February 2019, unchanged from the previous month's 15-month low figure but below market expectations of 0.3 percent. Both prices of food and transport fell for the third month in a row, while cost of housing was flat after declining for 34 consecutive months. On a monthly basis, consumer prices were flat in February, after a 0.3 percent rise in January. Inflation Rate in Japan averaged 2.98 percent from 1958 until 2019, 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.
Inflation Rate in Japan is expected to be 0.20 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 1.40 in 12 months time. In the long-term, the Japan Inflation Rate is projected to trend around 1.70 percent in 2020, according to our econometric models.