Consumer Price Index CPI in Japan increased to 107.20 points in March from 106.90 points in February of 2024. This dataset provides the latest reported value for - Japan Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Inflation Rate in Japan remained unchanged at 3.60 percent in April. 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.

Key information about Japan Consumer Price Index CPI growth

• Japan Consumer Price Index (CPI) growth was measured at 3.6 % YoY in Feb 2025, compared with a rate of 4.0 % in the previous month.
• Japan Consumer Price Index growth data is updated monthly, available from Jan 1996 to Feb 2025, with an averaged number of 0.2 % YoY.
• The data reached an all-time high of 4.3 % YoY in Jan 2023 and a record low of -2.5 % YoY in Oct 2009.

CEIC calculates Consumer Price Index Growth from monthly Consumer Price Index. Statistical Bureau provides Consumer Price Index with base 2020=100. Consumer Price Index Growth prior to January 2011 is calculated from Consumer Price Index with base 2010=100, prior to January 2006 from Consumer Price Index with base 2005=100, prior to January 2001 from Consumer Price Index with base 2000=100 and prior to January 1997 from Consumer Price Index with base 1995=100. [COVID-19-IMPACT]

Japan inflation rate for 2023 was 3.27%, a 0.77% increase from 2022.

<ul style='margin-top:20px;'>

<li>Japan inflation rate for 2022 was <strong>2.50%</strong>, a <strong>2.73% increase</strong> from 2021.</li>
<li>Japan inflation rate for 2021 was <strong>-0.23%</strong>, a <strong>0.21% decline</strong> from 2020.</li>
<li>Japan inflation rate for 2020 was <strong>-0.03%</strong>, a <strong>0.49% decline</strong> from 2019.</li>
</ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

In 2024, the Consumer Price Index (CPI) of all items in Japan stood at 108.5 index points, up from 105.6 points in the previous year. The lowest price level in the past 20 years was recorded in 2011 and 2012, with a CPI of 94.5. What is the CPI? The CPI is a price index that measures the average price development of a set basket of goods and services purchased by households. Annual or monthly changes in the index are referred to as the inflation rate. In 2023, Japan recorded the highest inflation rate since 1982. Inflation slowed in 2024, reaching 2.7 percent. Culture and recreation was the category with the highest price level increase, followed by food. Japan’s core inflation, excluding volatile fresh food prices, stood at 2.5 percent. Producer price indices in Japan The producer price index (PPI) measures the price development of goods traded between businesses. At the same time, the services producer price index (SPPI) covers the price development of service products that are provided by businesses to other businesses and the central and local governments of Japan. Both the PPI and SSPI rose to a decade high in 2024. Producer price indices can serve as an early indicator of price developments in an economy before prices are passed on to consumers.

Nucleo CPI in Giappone è aumentato al 3 percento ad aprile rispetto al 2,90 percento di marzo 2025. Questa pagina fornisce - Giappone IPC Nucleo Core - valori attuali, dati storici, previsioni, grafico, statistiche, calendario economico e notizie.

Tokyo CPI in Japan remained unchanged at 3.40 percent in May. This dataset provides - Japan Tokyo CPI- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core consumer prices in Japan increased 3.50 percent in April 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.

Japan JP: Consumer Price Index (CPI): YoY data was reported at 2.091 % in 2026. This records an increase from the previous number of 1.918 % for 2025. Japan JP: Consumer Price Index (CPI): YoY data is updated yearly, averaging 1.899 % from Dec 1961 (Median) to 2026, with 66 observations. The data reached an all-time high of 23.212 % in 1974 and a record low of -1.363 % in 2009. Japan JP: Consumer Price Index (CPI): YoY data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.EO: Consumer and Wholesale Price Index: Forecast: OECD Member: Annual. CPI_YTYPCT- Headline inflation The CPI year-on-year changes is a measure of inflation

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.

The transportation sub-index of the CPI basket in Japan decreased to 97.10 points in May of 2024 from 97.20 points in April of 2024. This dataset provides - Japan Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Japan BOJ Forecast: Consumer Price Index (CPI): excl Fresh Food: YoY: Lower Limit data was reported at 1.400 % in 2021. This records an increase from the previous number of 1.200 % for 2020. Japan BOJ Forecast: Consumer Price Index (CPI): excl Fresh Food: YoY: Lower Limit data is updated yearly, averaging 0.000 % from Mar 2000 (Median) to 2021, with 22 observations. The data reached an all-time high of 2.900 % in 2014 and a record low of -1.500 % in 2009. Japan BOJ Forecast: Consumer Price Index (CPI): excl Fresh Food: YoY: Lower Limit data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I006: Consumer Price Index: YoY% Change: Forecast: Bank of Japan.

L'IPC de base de Tokyo au Japon a augmenté à 3,60 % en mai contre 3,40 % en avril 2025. Cette dataset contient un graphique avec des données historiques pour l'IPC de base de Tokyo au Japon.

Japan Consumer Price Index (CPI): Goods: Rice data was reported at 195.300 2020=100 in Mar 2025. This records an increase from the previous number of 182.600 2020=100 for Feb 2025. Japan Consumer Price Index (CPI): Goods: Rice data is updated monthly, averaging 100.300 2020=100 from Jan 1970 (Median) to Mar 2025, with 663 observations. The data reached an all-time high of 195.300 2020=100 in Mar 2025 and a record low of 41.700 2020=100 in Jan 1970. Japan Consumer Price Index (CPI): Goods: Rice data remains active status in CEIC and is reported by Statistical Bureau. The data is categorized under Global Database’s Japan – Table JP.I002: Consumer Price Index: 2020=100.

Consumer price index (2010 = 100) in Japan was reported at 114 in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Japan - Consumer price index (2010 = 100) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Japan Consumer Price Index (CPI): Tokyo: Housing: Rent data was reported at 96.800 2000=100 in Jul 2006. This stayed constant from the previous number of 96.800 2000=100 for Jun 2006. Japan Consumer Price Index (CPI): Tokyo: Housing: Rent data is updated monthly, averaging 82.800 2000=100 from Jan 1970 (Median) to Jul 2006, with 439 observations. The data reached an all-time high of 101.200 2000=100 in Sep 1999 and a record low of 29.300 2000=100 in Feb 1970. Japan Consumer Price Index (CPI): Tokyo: Housing: Rent data remains active status in CEIC and is reported by Statistical Bureau. The data is categorized under Global Database’s Japan – Table JP.I038: Consumer Price Index: Tokyo: 2000=100.

Tokyo CPI Ex Food and Energy in Japan increased to 2.10 percent in May from 2 percent in April of 2025. This dataset includes a chart with historical data for Japan Tokyo CPI Ex Food And Energy.

CPI Housing Utilities in Japan increased to 102.90 points in May from 102.80 points in April of 2024. This dataset provides - Japan Cpi Housing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Services Inflation in Japan decreased to 1.30 percent in April from 1.40 percent in March of 2025. This dataset includes a chart with historical data for Japan Services Inflation.

Core Consumer Prices in Japan increased to 106.80 points in March from 106.50 points in February of 2024. This dataset provides the latest reported value for - Japan Core Consumer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.