Inflation Rate in Japan increased to 3 percent in October from 2.90 percent in September 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.

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

In 2024, Japan had an average inflation rate of 2.74 percent. Japan's inflation rate had hit a record high in 2023 at 3.27 percent, marking the highest rate of inflation in Japan in recent times. 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 3 percent in October 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 October 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.

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 USD/JPY exchange rate rose to 155.6000 on December 2, 2025, up 0.09% from the previous session. Over the past month, the Japanese Yen has weakened 0.90%, and is down by 4.00% over the last 12 months. Japanese Yen - values, historical data, forecasts and news - updated on December of 2025.

The nominal effective exchange rate index of the Japanese yen stood at **** points in 2024. The real effective exchange rate index, which considers inflation in Japan and other economies, reached around **** points.

The Consumer Price Index in Japan increased 0.40 percent in October 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 September 2025, Japan's core Consumer Price Index (CPI) for all items, excluding fresh food, grew by 2.9 percent compared to the previous year. The highest monthly core inflation since January 2019 was recorded in January 2023.

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

Canada Core Inflation Nowcast: sa: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: Japanese Yen data was reported at 6.149 % in 01 Dec 2025. This records an increase from the previous number of 4.341 % for 24 Nov 2025. Canada Core Inflation Nowcast: sa: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: Japanese Yen data is updated weekly, averaging 0.102 % from Jan 2018 (Median) to 01 Dec 2025, with 413 observations. The data reached an all-time high of 24.331 % in 12 Jun 2023 and a record low of 0.000 % in 15 Sep 2025. Canada Core Inflation Nowcast: sa: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: Japanese Yen data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Canada – Table CA.CEIC.NC: CEIC Nowcast: Inflation: Core.

CPI Core Core in Japan increased to 3.10 percent in October from 3 percent in September of 2025. This dataset provides - Japan CPI Core Core- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tokyo CPI in Japan decreased to 2.70 percent in November from 2.80 percent in October of 2025. This dataset provides - Japan Tokyo CPI- actual values, historical data, forecast, chart, statistics, economic calendar 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.

Inflation Rate in China increased to 0.20 percent in October from -0.30 percent in September of 2025. This dataset provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Japanese Yen to U.S. Dollar Spot Exchange Rate (EXJPUS) from Jan 1971 to Oct 2025 about Japan, exchange rate, currency, rate, and USA.

The rising inflation worldwide in 2022 and 2023 is reflected in the increasing prices of the different commodity groups in the G7 countries. Most notably, the price of electricity, gas, and other fuels was high in the third quarter of 2024 in Japan, with price increases reaching 15 percent compared to the same period in 2023. On the other hand, gas and electricity inflation was negative in Germany, Italy, and the UK following extremely high rates in 2022 and the first half of 2023. Inflation rates increased sharply all around the world through 2022 and the beginning of 2023, spurred by Russia's invasion of Ukraine in February that year. Economic challenges in Japan As food and restaurant costs have risen in Japan in comparison to the rest of the G7 nations, overall, Japan is facing a period of economic slowdown. Over time, the value of the Japanese yen has dropped. Moreover, the Japanese GDP has also dropped, going from around five trillion U.S. dollars in 2021 to 4.1 trillion U.S. dollars by 2024. However, it is predicted to begin increasing by 2025. Falling electricity costs Due to the COVID-19 pandemic and the energy crisis driven by the February 2022 invasion of Russia into Ukraine, electricity prices increased worldwide through 2021, 2022, and 2023. As of 2024, inflation of electricity costs is decreasing across the G7, more than other commodity groups. This rise and fall can be seen throughout Europe as well as within the United States, after peaking in 2022.

Inflation Nowcast: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Bank of Indonesia: Spot: Japan Yen data was reported at 1.432 % in 12 May 2025. This records a decrease from the previous number of 1.606 % for 05 May 2025. Inflation Nowcast: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Bank of Indonesia: Spot: Japan Yen data is updated weekly, averaging 0.825 % from Jun 2020 (Median) to 12 May 2025, with 259 observations. The data reached an all-time high of 22.136 % in 14 Apr 2025 and a record low of 0.000 % in 22 Jul 2024. Inflation Nowcast: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Bank of Indonesia: Spot: Japan Yen data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Indonesia – Table ID.CEIC.NC: CEIC Nowcast: Inflation: Headline.

Graph and download economic data for Real Gross Domestic Product for Japan (JPNRGDPEXP) from Q1 1994 to Q3 2025 about Japan, real, and GDP.