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Japan Inflation Rate

Last Release
May 31, 2024
Actual
2.8
Units In
%
Previous
2.5
Frequency
Monthly
Next Release
Jul 18, 2024
Time to Release
27 Days 9 Hours
Highest
Lowest
Average
Date Range
Source
24.9
Feb 1974
-2.5
Oct 2009
2.85 %1958-2024Ministry of Internal Affairs & Communications
In Japan, the most important categories in the consumer price index are Food (25 percent of total weight) and Housing (21 percent). Transportation and communications accounts for 14 percent; Culture and recreation for 11.5 percent; Fuel, light and water charges for 7 percent; Medical care for 4.3 percent; Clothes and footwear for 4 percent. Furniture and household utensils, Education and Miscellaneous goods and services account for the remaining.

Latest Updates

The annual inflation rate in Japan accelerated to 2.8% in May 2024 from 2.5% in April, pointing to the highest reading since February. There was a steep upswing in electricity prices as energy subsidies fully ended (14.7% vs -1.1% in April), reversing declines in the prior 15 months. At the same time, prices rose further for food (4.1% vs 4.3%), housing (0.6% vs 0.6%), transport (2.3% vs 2.7%), furniture & household utensils (2.9% vs 2.5%), clothes (2.2% vs 2.2%), healthcare (1.1% vs 1.2%), culture (5.2% vs 6.2%), miscellaneous (1.2% vs 1.1%), and communication (0.4% vs 1.0%). By contrast, education prices fell for the second straight month (-1.0% vs -0.9%). The core inflation rate increased to 2.5% from April's 3-month low of 2.2%, compared with market forecasts of 2.6%. Monthly, the CPI rose by 0.5%, the most since last October.

Japan Inflation Rate History

Last 12 readings

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