Japan's consumer price inflation came in at 0.7 percent year-on-year in June 2019, unchanged from the previous month and matching market expectations. A faster rise in food prices and a pick-up in housing cost was offset by a steeper decline in transport and communication prices. On a seasonally adjusted monthly basis, consumer prices were flat for the second consecutive month. Inflation Rate in Japan averaged 2.97 percent from 1958 until 2019, reaching an all time high of 24.90 percent in February of 1974 and a record low of -2.50 percent in October of 2009.
Inflation Rate in Japan is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Japan to stand at 1.30 in 12 months time. In the long-term, the Japan Inflation Rate is projected to trend around 1.70 percent in 2020, according to our econometric models.