Japan Inflation Rate 1960-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Japan inflation rate for 2023 was 3.27%, a 0.77% increase from 2022.
  • Japan inflation rate for 2022 was 2.50%, a 2.73% increase from 2021.
  • Japan inflation rate for 2021 was -0.23%, a 0.21% decline from 2020.
  • Japan inflation rate for 2020 was -0.03%, a 0.49% decline from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Hungary 17.13%
Palau 12.80%
Poland 11.53%
Czech Republic 10.66%
Slovak Republic 10.53%
Barbados 9.79%
Estonia 9.16%
Lithuania 9.12%
Latvia 8.94%
Iceland 8.74%
Sweden 8.55%
Croatia 7.94%
Austria 7.81%
Chile 7.58%
Slovenia 7.45%
United Kingdom 6.79%
Ireland 6.30%
Finland 6.25%
Germany 5.95%
Uruguay 5.87%
New Zealand 5.73%
Italy 5.62%
Australia 5.60%
Norway 5.52%
Malta 5.09%
Antigua and Barbuda 5.07%
France 4.88%
Singapore 4.82%
Trinidad and Tobago 4.63%
Portugal 4.31%
Israel 4.23%
United States 4.12%
Belgium 4.05%
Canada 3.88%
Netherlands 3.84%
Luxembourg 3.74%
Kuwait 3.64%
South Korea 3.60%
St. Kitts and Nevis 3.56%
Cyprus 3.54%
Spain 3.53%
Greece 3.46%
Denmark 3.31%
Japan 3.27%
Bahamas 3.05%
Qatar 3.03%
Saudi Arabia 2.33%
Switzerland 2.14%
Hong Kong 2.10%
Panama 1.49%
Oman 0.94%
Brunei 0.36%
Bahrain 0.07%
Seychelles -1.04%
Japan Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2023 3.27% 0.77%
2022 2.50% 2.73%
2021 -0.23% -0.21%
2020 -0.03% -0.49%
2019 0.47% -0.52%
2018 0.99% 0.50%
2017 0.48% 0.61%
2016 -0.13% -0.92%
2015 0.80% -1.96%
2014 2.76% 2.42%
2013 0.34% 0.38%
2012 -0.04% 0.23%
2011 -0.27% 0.46%
2010 -0.73% 0.62%
2009 -1.35% -2.73%
2008 1.38% 1.32%
2007 0.06% -0.19%
2006 0.25% 0.53%
2005 -0.28% -0.27%
2004 -0.01% 0.25%
2003 -0.26% 0.67%
2002 -0.92% -0.18%
2001 -0.74% -0.06%
2000 -0.68% -0.34%
1999 -0.34% -1.00%
1998 0.66% -1.09%
1997 1.75% 1.61%
1996 0.14% 0.26%
1995 -0.13% -0.82%
1994 0.70% -0.55%
1993 1.24% -0.52%
1992 1.76% -1.49%
1991 3.25% 0.17%
1990 3.08% 0.81%
1989 2.27% 1.59%
1988 0.68% 0.55%
1987 0.13% -0.47%
1986 0.60% -1.44%
1985 2.03% -0.23%
1984 2.26% 0.36%
1983 1.90% -0.84%
1982 2.74% -2.17%
1981 4.91% -2.87%
1980 7.78% 4.08%
1979 3.70% -0.51%
1978 4.21% -3.95%
1977 8.16% -1.21%
1976 9.37% -2.36%
1975 11.73% -11.49%
1974 23.22% 11.61%
1973 11.61% 6.77%
1972 4.84% -1.55%
1971 6.40% -0.53%
1970 6.92% 1.67%
1969 5.25% -0.09%
1968 5.34% 1.35%
1967 3.99% -1.05%
1966 5.04% -1.62%
1965 6.66% 2.86%
1964 3.80% -2.91%
1963 6.71% -0.13%
1962 6.84% 1.47%
1961 5.37% 1.79%
1960 3.57% 1.79%