Japan's annual inflation rate edged down to 1.2 percent in September 2018 from 1.3 percent in the previous month, mainly due to lower prices of food. Still, it is the second-highest figure in the last seven months. Inflation Rate in Japan averaged 3 percent from 1958 until 2018, 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.

Japan Inflation Rate
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Japan Inflation Rate Edges Down to 1.2% YoY


Japan's annual inflation rate edged down to 1.2 percent in September 2018 from 1.3 percent in the previous month, mainly due to lower prices of food. Still, it is the second-highest figure in the last seven months.

In September, prices of food increased by 1.8 percent from a year earlier, easing from a 2.1 percent rise in the previous month. Cost slowed mainly for meals outside the home (1 percent from 1.1 percent in August); fish & seafood products (1.9 percent from 4.9 percent), of which fresh fish & seafood (0.4 percent from 5.8 percent); dairy products & eggs (3.1 percent from 3.3 percent) and vegetables & seaweeds (8.1 percent from 11.3 percent), of which fresh vegetables (10.4 percent from 15.4 percent).

Additionally, prices went up at a softer pace for culture and recreation (1 percent from 1.6 percent), namely recreational services (1.3 percent from 2.7 percent). On the other hand, cost advanced faster for miscellaneous goods and services (0.2 percent from 0.1 percent) and rebounded for transportation and communication (2.1 percent from 2 percent); fuel, electricity & water (3.7 percent from 3.4 percent) and clothing and footwear (0.1 percent from -0.1 percent). At the same time, inflation was steady for health (1.1 percent, the same as in August) and education (0.5 percent) while it continued to decline for housing (-0.1 percent, the same as in August) and furniture and household utensils (-0.9 percent from -1.1 percent).

The goods index rose 2.1 percent, whereas the services index edged up 0.2 percent.

Core inflation rate, which excludes fresh food, edged up to 1 percent from 0.9 percent in the previous month and in line with expectations. It marked the highest figure since February.

On a monthly basis, consumer prices remained unchanged in September, after a 0.5 percent rise in August and following four straight positive prints. 


Statistics Japan | Mario | mario@tradingeconomics.com
10/19/2018 8:42:26 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-08-23 11:30 PM Inflation Rate YoY 0.9% 0.7% 0.4% 0.5%
2018-09-20 11:30 PM Inflation Rate YoY 1.3% 0.9% 1.1% 1%
2018-10-18 11:30 PM Inflation Rate YoY 1.2% 1.3% 1.1%
2018-11-21 11:30 PM Inflation Rate YoY 1.2% 1.2%
2018-12-20 11:30 PM Inflation Rate YoY 1.4%


Japan Prices Last Previous Highest Lowest Unit
Inflation Rate 1.20 1.30 24.90 -2.50 percent [+]
Inflation Rate Mom 0.00 0.50 4.10 -1.10 percent [+]
Consumer Price Index CPI 101.70 101.60 101.70 17.40 Index Points [+]
Core Consumer Prices 101.30 101.20 101.30 31.00 Index Points [+]
Core Inflation Rate 1.00 0.90 24.70 -2.40 percent [+]
GDP Deflator 104.20 101.50 120.00 87.80 Index Points [+]
Producer Prices 102.30 102.00 112.50 47.40 Index Points [+]
Export Prices 97.60 97.10 207.30 84.10 Index Points [+]
Import Prices 101.80 101.10 190.40 45.90 Index Points [+]
Food Inflation 1.80 2.10 31.60 -3.70 percent [+]
CPI Housing Utilities 99.60 99.60 102.20 25.50 Index Points [+]
CPI Transportation 99.80 100.10 104.40 38.50 Index Points [+]
Producer Prices Change 2.90 3.00 33.90 -8.60 percent [+]


Japan Inflation Rate

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. This page 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. Japan Inflation Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.30 24.90 -2.50 1958 - 2018 percent Monthly
2015=100




Country Last
Argentina 40.30 Sep/18
Australia 1.90 Sep/18
Brazil 4.56 Oct/18
Canada 2.20 Sep/18
China 2.50 Oct/18
Euro Area 2.20 Oct/18
France 2.20 Oct/18
Germany 2.50 Oct/18
India 3.31 Oct/18
Indonesia 3.16 Oct/18
Italy 1.60 Oct/18
Japan 1.20 Sep/18
Mexico 4.90 Oct/18
Netherlands 2.10 Oct/18
Russia 3.50 Oct/18
Saudi Arabia 2.10 Sep/18
Singapore 0.70 Sep/18
South Africa 4.90 Sep/18
South Korea 2.00 Oct/18
Spain 2.30 Oct/18
Switzerland 1.10 Oct/18
Turkey 25.24 Oct/18
United Kingdom 2.40 Sep/18
United States 2.30 Sep/18


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