Japan's consumer price inflation rose to 0.5 percent year-on-year in March 2019 from 0.2 percent in the previous month and in line with market consensus. It was the highest inflation rate since November last year, as cost of both food and transport declined at a softer pace. On a seasonally adjusted monthly basis, consumer prices were unchanged in March, the same as in February. Inflation Rate in Japan averaged 2.98 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 0.70 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 1.20 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.