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.

In April 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.

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.

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.

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.

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.

The Consumer Price Index in Japan increased 0.10 percent in April of 2025 over the previous month. This dataset provides - Japan Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Japan was 3.53 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 3.64 percent. Compared to a year ago, we see an increase from the inflation...

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.

In 2024, Japan's core Consumer Price Index (CPI) for all items, excluding fresh food, grew by 2.5 percent year on year. The highest price level increase since 1990 was recorded in 2023 at 3.1 percent.

Japan Core Inflation Nowcast data was reported at 3.096 % in 12 May 2025. This stayed constant from the previous number of 3.096 % for 05 May 2025. Japan Core Inflation Nowcast data is updated weekly, averaging 2.181 % from Jan 2020 (Median) to 12 May 2025, with 280 observations. The data reached an all-time high of 4.077 % in 20 Feb 2023 and a record low of -0.903 % in 04 Jan 2021. Japan Core 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: Core. The Japan Core Inflation Nowcast targets the Core CPI provided by the Statistics Bureau of Japan. Japan's Core CPI excludes fresh food but includes energy.

In April 2025, the preliminary year-on-year growth rate of the core Consumer Price Index (CPI) in Tokyo Prefecture stood at 3.4 percent. The monthly core inflation in Tokyo increased from 2.4 percent in March 2025.

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.

Japan JP: NAIRU: Equilibrium Unemployment Rate data was reported at 2.858 % in 2022. This records a decrease from the previous number of 2.886 % for 2021. Japan JP: NAIRU: Equilibrium Unemployment Rate data is updated yearly, averaging 3.318 % from Dec 1985 (Median) to 2022, with 38 observations. The data reached an all-time high of 4.375 % in 2003 and a record low of 2.257 % in 1985. Japan JP: NAIRU: Equilibrium Unemployment Rate 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: Non-Accelerating Inflation Rate of Unemployment (NAIRU): Forecast: OECD Member: Annual. NAIRU - Equilibrium unemployment rate The equilibrium unemployment rate (code NAIRU) is estimated using a Kalman filter in a Phillips curve framework which assumes inflation expectations are anchored at the central bank’s inflation target . The NAIRU is then projected forward from the last estimated period using a simple autoregressive rule, exceptionally modified to account for recent labour market reforms, until the end of the forecasting horizon More details on methodology in Rusticelli E., Turner D. and M. C. Cavalleri (2015), Incorporating anchored inflation expectations in the Phillips Curve and in the derivation of OECD measures of equilibrium unemployment, OECD Economics Department Working Papers No.1231 OECD, Economics Department Working Papers: Incorporating anchored inflation expectations in the Phillips Curve and in the derivation of OECD measures of equilibrium unemployment:https://www.oecd-ilibrary.org/economics/incorporating-anchored-inflation-expectations-in-the-phillips-curve-and-in-the-derivation-of-oecd-measures-of-equilibrium-unemployment_5js1gmq551wd-en

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.

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.

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. 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. 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.

CPI Core Core in Japan increased to 3 percent in April from 2.90 percent in March of 2025. This dataset provides - Japan CPI Core Core- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Japan JP: Core Inflation Index: YoY: Double Hit Scenario data was reported at -0.486 % in 2021. This records a decrease from the previous number of -0.140 % for 2020. Japan JP: Core Inflation Index: YoY: Double 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: Double 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.

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.