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.

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 goods and services. The Consumer Price Index (CPI) measures the price development for private expenses and shows the current level of inflation when it increases. Rising consumer prices since 2022 Since the economic downturn in the 1990s, consumer prices in Japan have remained stagnant. Many Japanese consumers have never experienced a significant rise in cost of living, as the country had been struggling with deflationary pressures for over three decades. In the last years, this has changed drastically. Consumers have been confronted with rising prices since 2022, driven by global tensions and the aftermath of the COVID-19 pandemic. While Japan’s CPI recorded a *** percent growth in 2024, real household consumption expenditure declined. Consumer inflation in 2024 Annual inflation decreased from *** percent in 2023, the highest level recorded since 1991. A look at the price growth of major categories in the CPI shows that prices for ********************** saw the largest increases in 2024, followed by **** and ******************************. Fresh food prices, which rose by ***** percent, were at the core of the food price growth. ************, ****************, and ******* such as rice, bread, and noodles, were among the major contributors to Japan’s inflation. Rice prices jumped significantly in 2024. The staple food continued to see drastic price hikes in 2025.

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.

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 June 2025, the preliminary year-on-year growth rate of the core Consumer Price Index (CPI) in Tokyo Prefecture stood at *** percent. The monthly core inflation in Tokyo decreased from *** percent in May 2025.

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 2.8738 % in 2024, 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 July of 2025.

Inflation, monthly percent change in the CPI in Japan, May, 2025 The most recent value is 0.27 percent as of May 2025, a decline compared to the previous value of 0.36 percent. Historically, the average for Japan from February 1970 to May 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

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

In 2024, the Consumer Price Index (CPI) of all items in Japan stood at ***** index points, up from ***** points in the previous year. The lowest price level in the past 20 years was recorded in **** and ****, with a CPI of ****. 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 ****, Japan recorded the highest inflation rate since 1982. Inflation slowed in 2024, reaching *** percent. ********************** was the category with the highest price level increase, followed by ****. Japan’s core inflation, excluding volatile fresh food prices, stood at *** 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.

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.

Japan: Inflation forecast: The latest value from 2030 is 2.01 percent, a decline from 2.02 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Japan from 1980 to 2030 is 1.14 percent. The minimum value, -2 percent, was reached in 2009 while the maximum of 7.24 percent was recorded in 1980.

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.

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 (CPGRLE01JPM657N) from Jan 1960 to Jun 2021 about core, Japan, all items, CPI, inflation, price index, indexes, and price.

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.

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