Inflation Rate in Japan decreased to 3.30 percent in June from 3.50 percent in May 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 June 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 3.30 percent in June 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 latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Japan was 3.23 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 3.42 percent. Compared to a year ago, we see an increase from the inflation...

In 2024, food items were the category that contributed most to the year-on-year change of the Consumer Price Index (CPI) of all items in Japan, with a contribution of ****. Culture and recreation followed with a contribution ****. The total contribution of all items is equal to the rate of change of the CPI, which was *** percent in 2024. The CPI of all items rose to ***** index points.

Explore the impact of inflation in Japan on living costs, with households and businesses facing increasing financial pressures amid rising prices for essentials.

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.

In 2024, Japan's core Consumer Price Index (CPI) for all items, excluding fresh food, grew by *** percent year on year. The highest price level increase since 1990 was recorded in **** at *** percent.

Cost of food in Japan increased 7.20 percent in June 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.

The benchmark interest rate in Japan was last recorded at 0.50 percent. This dataset provides - Japan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Japan JP: Core Inflation Index: YoY data was reported at 2.001 % in 2026. This records an increase from the previous number of 1.835 % for 2025. Japan JP: Core Inflation Index: YoY data is updated yearly, averaging 1.608 % from Dec 1966 (Median) to 2026, with 61 observations. The data reached an all-time high of 20.576 % in 1974 and a record low of -1.182 % in 2010. Japan JP: Core Inflation Index: 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. PCORE_YTYPCT - Core inflationOECD group, all items non-food non-energy. See exceptions at the country's serie metadata; OECD definition differs from the official Japanese core inflation.

Rice was by far the food category affected by price inflation based on the reports of Japanese consumers. In a survey conducted in February 2025, over ** percent of respondents felt that rice prices had increased, followed by ****************. The Consumer Price Index of grains and cereals showed a jump in 2024, impacted by rising rice prices due to reported shortages.

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.

Germany Inflation Expectation: Japan data was reported at 45.800 % in Mar 2021. This records an increase from the previous number of 36.300 % for Feb 2021. Germany Inflation Expectation: Japan data is updated monthly, averaging 17.550 % from Dec 1991 (Median) to Mar 2021, with 352 observations. The data reached an all-time high of 77.000 % in May 2006 and a record low of -58.700 % in Dec 2008. Germany Inflation Expectation: Japan data remains active status in CEIC and is reported by Leibniz Centre for European Economic Research. The data is categorized under Global Database’s Germany – Table DE.S001: Indicator of Economic Sentiment: ZEW.

Discover how escalating rice prices and reduced utility subsidies are driving Japan's inflation surge in November, affecting trade and economy.

Japan JP: Core Inflation Index: YoY: Single Hit Scenario data was reported at -0.050 % in 2021. This records an increase from the previous number of -0.119 % for 2020. Japan JP: Core Inflation Index: YoY: Single Hit Scenario data is updated yearly, averaging 1.689 % from Dec 1962 (Median) to 2021, with 60 observations. The data reached an all-time high of 20.621 % in 1974 and a record low of -1.104 % in 2010. Japan JP: Core Inflation Index: YoY: Single Hit Scenario 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. PCORE_YTYPCT - Core inflationOECD group, all items non-food non-energy. See exceptions at the country's serie metadataData are seasonally adjusted by the OECD; OECD definition differs from the official Japanese core inflation.

Tokyo CPI in Japan decreased to 2.90 percent in July from 3.10 percent in June of 2025. This dataset provides - Japan Tokyo CPI- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Rent Inflation in Japan remained unchanged at 0.30 percent in June. This dataset includes a chart with historical data for Japan Rent Inflation.

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.