Inflation Rate in Japan decreased to 2.70 percent in August from 3.10 percent in July of 2025. This dataset 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.

In 2024, Japan had an average inflation rate estimated at 2.74 percent, marking the highest rate of inflation in Japan in almost a decade. However, this figure was still very low compared to most other major economies, such as Japan's fellow G7 members, four of which had inflation rates around six or seven percent in 2023 due to the global inflation crisis. Why is Japan's inflation rate lower? There are a number of contributing factors to Japan's relatively low inflation rate, even during economic crises. Japan eased its Covid restrictions more slowly than most other major economies, this prevented post-pandemic consumer spending that may have driven inflation through supply chain issues caused by higher demand. As the majority of Japan's food and energy comes from overseas, and has done so for decades, the government has mechanisms in place to prevent energy and wheat prices from rising too quickly. Because of this, Japan was able to shield its private sector from many of the negative knock on effects from Russia's invasion of Ukraine, which had a significant impact on both sectors globally. Persistent deflation and national debt An additional factor that has eased the impact of inflation on Japan's economy is the fact that it experienced deflation before the pandemic. Deflation has been a persistent problem in Japan since the asset price bubble burst in 1992, and has been symptomatic of Japan's staggering national debt thereafter. For almost 30 years, a combination of quantitative easing, low interest rates (below 0.5 percent since 1995, and at -0.1% since 2016), and a lack of spending due to low wages and an aging population have combined to give Japan the highest national debt in the world in absolute terms, and second-highest debt in relation to its GDP, after Venezuela. Despite this soaring debt, Japan remains the fourth-largest economy in the world, behind the U.S., China, and Germany.

Core consumer prices in Japan increased 2.70 percent in August of 2025 over the same month in the previous year. This dataset provides - Japan Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

View monthly updates and historical trends for Japan Inflation Rate. Source: Japan Statistics Bureau. Track economic data with YCharts analytics.

Graph and download economic data for Inflation, consumer prices for Japan (FPCPITOTLZGJPN) from 1960 to 2024 about Japan, consumer, CPI, inflation, price index, indexes, and price.

In August 2025, Japan's core Consumer Price Index (CPI) for all items, excluding fresh food, grew by 2.7 percent compared to the previous year. The highest monthly core inflation since January 2019 was recorded in January 2023.

As of August 2025, Japan's Consumer Price Index (CPI) of commodities stood at 112.1 index points, increasing from 111.9 in the previous month. During the measured period, the lowest price level was recorded in April 2021, with a CPI of 99.1.

Japan JP: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at -0.215 % in 2017. This records a decrease from the previous number of 0.274 % for 2016. Japan JP: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 1.612 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 22.973 % in 1970 and a record low of -1.895 % in 2010. Japan JP: Inflation:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Japan – Table JP.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; Median;

Services Inflation in Japan remained unchanged at 1.50 percent in August. This dataset includes a chart with historical data for Japan Services Inflation.

The Consumer Price Index in Japan increased 0.10 percent in August of 2025 over the previous month. This dataset provides - Japan Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, Japan's core Consumer Price Index (CPI) for all items, excluding fresh food, stood at 107.9 index points. This was the highest price level recorded in the last decades.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Japan was 2.75 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 3.04 percent. Compared to a year ago, we see a decrease from the inflation...

Japan Core Inflation Nowcast data was reported at 3.096 % in 12 May 2025. This stayed constant from the previous number of 3.096 % for 05 May 2025. Japan Core Inflation Nowcast data is updated weekly, averaging 2.181 % from Jan 2020 (Median) to 12 May 2025, with 280 observations. The data reached an all-time high of 4.077 % in 20 Feb 2023 and a record low of -0.903 % in 04 Jan 2021. Japan Core Inflation Nowcast data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Japan – Table JP.CEIC.NC: CEIC Nowcast: Inflation: Core. The Japan Core Inflation Nowcast targets the Core CPI provided by the Statistics Bureau of Japan. Japan's Core CPI excludes fresh food but includes energy.

As of August 2025, Japan's core-core Consumer Price Index (CPI) of all items, excluding fresh food and energy, stood at 110.9 index points. During the measured period, the lowest price level was recorded in January 2022, with a core-core CPI of 99.

Japan Inflation Nowcast data was reported at 3.527 % in 12 May 2025. This records an increase from the previous number of 3.472 % for 05 May 2025. Japan Inflation Nowcast data is updated weekly, averaging 2.598 % from Jun 2020 (Median) to 12 May 2025, with 259 observations. The data reached an all-time high of 3.982 % in 27 Feb 2023 and a record low of -0.832 % in 18 Jan 2021. Japan Inflation Nowcast data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Japan – Table JP.CEIC.NC: CEIC Nowcast: Inflation: Headline.

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Japan (CPGRLE01JPQ657N) from Q1 1960 to Q2 2021 about core, Japan, all items, CPI, inflation, price index, indexes, and price.

Cost of food in Japan increased 7.20 percent in August of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Japan Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Inflation, monthly percent change in the CPI in Japan, August, 2025 The most recent value is 0.18 percent as of August 2025, no change compared to the previous value of 0.18 percent. Historically, the average for Japan from February 1970 to August 2025 is 0.2 percent. The minimum of -1.09 percent was recorded in November 1977, while the maximum of 4.31 percent was reached in January 1974. | TheGlobalEconomy.com

View monthly updates and historical trends for Japan Consumer Price Index YoY. Source: Japan Statistics Bureau. Track economic data with YCharts analytics.

Japan: Inflation: percent change in the Consumer Price Index: The latest value from 2024 is 2.7 percent, a decline from 3.3 percent in 2023. In comparison, the world average is 6.0 percent, based on data from 155 countries. Historically, the average for Japan from 1960 to 2024 is 2.9 percent. The minimum value, -1.4 percent, was reached in 2009 while the maximum of 23.2 percent was recorded in 1974.