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.
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 CPIRecent 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.