Inflation Rate in Japan decreased to 3.50 percent in May from 3.60 percent in April 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.

Historical chart and dataset showing Japan inflation rate by year from 1960 to 2024.

Core consumer prices in Japan increased 3.70 percent in May 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.

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.

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.

The Consumer Price Index in Japan increased 0.30 percent in May 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 March 2025, Japan's core Consumer Price Index (CPI) for all items, excluding fresh food, grew by 3.2 percent compared to the previous year. The highest monthly core inflation since January 2019 was recorded in January 2023.

In May 2025, the inflation rate in Japan stood at *** percent. The term inflation means the devaluation of money caused by a permanent increase of the price level for products (consumer goods, investment goods). The Consumer Price Index shows the price development for private expenses and shows the current level of inflation when increasing.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Japan was 3.42 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 3.53 percent. Compared to a year ago, we see an increase from the inflation...

Inflation, GDP deflator: linked series (annual %) in Japan was reported at 3.793 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Japan - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

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;

Tokyo CPI in Japan decreased to 3.10 percent in June from 3.40 percent in May of 2025. This dataset provides - Japan Tokyo CPI- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation Expectations in Japan increased to 2.50 percent in the first quarter of 2025 from 2.40 percent in the fourth quarter of 2024. This dataset provides - Japan Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

CPI Core Core in Japan increased to 3.30 percent in May from 3 percent in April of 2025. This dataset provides - Japan CPI Core Core- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

Cost of food in Japan increased 6.50 percent in May 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.

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]

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Japan (CPGRLE01JPA657N) from 1960 to 2020 about core, Japan, all items, CPI, inflation, price index, indexes, and price.

Key information about Japan Core CPI Change

• Japan Core CPI Change was reported at 2.545 % in Jan 2025.
• This records an increase from the previous number of 2.361 % for Dec 2024.
• Japan Core CPI Change data is updated monthly, averaging -0.196 % from Jan 2001 to Jan 2025, with 289 observations.
• The data reached an all-time high of 4.300 % in May 2023 and a record low of -1.683 % in Sep 2010.
• Japan Core CPI Change data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Core CPI: Y-o-Y Growth: Monthly: Seasonally Adjusted.

CEIC calculates Core Consumer Price Index Growth from monthly Core Consumer Price Index. Statistical Bureau provides Core Consumer Price Index with base 2020=100. Core Consumer Price Index excludes Food, Non Alcoholic Beverages, Alcoholic Beverages, Eating Out and Energy. Core Consumer Price Index Growth prior to January 2011 is calculated from Core Consumer Price Index with base 2010=100 and prior to January 2006 from Core Consumer Price Index with base 2005=100.

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.