Japan2.7%
Country profile
Japan Inflation Profile
A mature economy where imported energy, yen moves and wage negotiations have recently mattered more than long-run deflation habits.
Consumer Price Inflation
CPI, 12-month percent change
Monthly consumer-price readings placed in long-run context.
2026-032.70%
High 3.12% / low 2.70% across the selected window.
International comparison
Same shock, different paths
Euro Area2.3%
India4.9%
United Kingdom2.8%
Inflation and growth context
Japan in the current cycle
Japan's inflation profile is shaped by import prices and wage normalization. The key question is whether price growth becomes broad-based without hurting demand. The selected chart window helps compare the latest print with the broader cycle instead of over-reading one release.
560.4T GDP, 2026 Q1151.4 food price index
Methodology note
How to read this page
CPI is shown as a consumer-price trend, while GDP gives demand and output context. Source identifiers are kept visible so each chart can be audited against the underlying series.
Learn more about CPI ->Recent observations
Latest values in this window
| Date | Metric | Value | Month change |
|---|---|---|---|
| 2026-03 | CPI | 2.70% | -0.07 |
| 2026-02 | CPI | 2.77% | -0.01 |
| 2026-01 | CPI | 2.78% | -0.01 |
| 2025-12 | CPI | 2.79% | 0.00 |
| 2025-11 | CPI | 2.79% | +0.01 |
| 2025-10 | CPI | 2.78% | +0.01 |
| 2025-09 | CPI | 2.77% | +0.01 |
| 2025-08 | CPI | 2.76% | 0.00 |
Reader questions
Questions about Japan
Why did Japan leave deflation behind? +
Based on the latest reading of 2.7%, Japan's inflation trajectory reflects domestic demand, external price pressure and source timing. Use the full chart instead of a single print.
How does the yen affect CPI? +
Policy transmission works through rates, exchange rates and credit conditions. CPI and GDP together help separate demand-driven inflation from supply shocks.
Why watch wage talks? +
Japan's CPI basket weights differ from other economies. Food, energy and shelter can carry very different influence across periods.
What does real GDP show? +
GDP provides context for whether inflation is demand-supported or cost-driven. Rising CPI with weak GDP often tells a different story from rising CPI with strong output.
How often is CPI updated? +
Official releases often arrive with a lag and may be revised. This page reflects the latest value in the current public-data cache.