Japan's consumer prices rose by 0.2% yoy in June 2021, after a 0.1% drop in the previous month. This was the first consumer price inflation since August 2020, as consumption recovered following an acceleration in COVID-19 vaccinations. Main upward pressure came from housing (0.6% vs 0.6% in May), fuel, light and water charges (0.6% vs -0.3%), furniture and household utensils (1.6% vs 2.1%), recreation (0.5% vs 0.6%), education (1.5% vs 1.3%), and miscellaneous (1.4% vs 1.4%). Also, food prices went up 0.1%, the first rise in eight months, after a 0.9% decline in May. In contrast, prices fell further for both transportation & communication (-1.8% vs -1.5%), and medical care (-0.3% vs -0.1%). Core consumer prices, which exclude fresh food, rose 0.2% yoy, the second straight month of gains and the most since March 2020, after a 0.1% rise in May and matching market consensus. On a monthly basis, consumer prices went up 0.3%, the same as in May. source: Ministry of Internal Affairs & Communications
Inflation Rate in Japan averaged 2.87 percent from 1958 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Inflation Rate in Japan is expected to be 0.40 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 0.30 in 12 months time. In the long-term, the Japan Inflation Rate is projected to trend around 0.70 percent in 2022 and 1.40 percent in 2023, according to our econometric models.