Japan Inflation Rate (CPI YoY %) - Historical Data
Year-on-year percentage change in the headline Consumer Price Index (CPI) for Japan from 1947 to 2026, compiled from the BIS Long Consumer Prices archive (WS_LONG_CPI). The latest inflation rate is 1.90% (Jul 2026) compared with the Bank of Japan official target of 2.0% Price Stability Target.
Embed this interactive chart on your website or article:
Current Statistics & Historical Records
Latest Reading (Jul 2026)
1.90%
Prev (Jun 2026): 1.70%+0.20 pp
Highest Recorded (Nov 1947)
193.83%
Peak consumer price inflation rate in Japan (Bank of Japan mandate: 2.0% Price Stability Target).
Lowest Recorded (Apr 1950)
-11.43%
Lowest recorded CPI inflation / deflation reading in Japan.
Long-Run Mean (1947–2026)
6.68%
80 annual observations · Monthly
Bank of Japan · JPY
Japan Inflation Rate (CPI YoY %) (1947-2026)
% YoYDrag to pan, scroll to zoom, or toggle between full archive (1947–2026) and recent monthly observations.
Loading interactive monetary series chart...
Source: Bank for International Settlements (BIS) & National Statistical Office (WS_LONG_CPI:M:JP:771)
Latest: 1.90% (Jul 2026)
Japan Inflation Rate Averages by Decade
Decadal mean, peak, and trough across the 1947–2026 archive
| Decade | Years Covered | Decade Mean | Decade High (Year) | Decade Low (Year) |
|---|---|---|---|---|
| 1940s | 1947–1949 | 101.60% | 177.35% (1947) | 35.03% (1949) |
| 1950s | 1950–1959 | 3.24% | 17.86% (1951) | -6.67% (1950) |
| 1960s | 1960–1969 | 5.36% | 7.64% (1963) | 3.67% (1960) |
| 1970s | 1970–1979 | 9.10% | 23.10% (1974) | 3.76% (1979) |
| 1980s | 1980–1989 | 2.53% | 7.79% (1980) | 0.11% (1987) |
| 1990s | 1990–1999 | 1.21% | 3.28% (1991) | -0.34% (1999) |
| 2000s | 2000–2009 | -0.25% | 1.39% (2008) | -1.34% (2009) |
| 2010s | 2010–2019 | 0.47% | 2.77% (2014) | -0.70% (2010) |
| 2020s | 2020–2026 | 1.85% | 3.26% (2023) | -0.24% (2021) |
Complete Annual Historical Ledger (1947–2026)
Unit: % YoY · Source: Bank for International Settlements (BIS) & National Statistical Office (WS_LONG_CPI:M:JP:771)
| Year | Annual Value (% YoY) | Intra-Year Range (Min – Max) | Monetary Regime & Historical Context |
|---|---|---|---|
| 2026 | 1.52% | 1.30% – 1.90% | - |
| 2025 | 3.20% | 2.02% – 3.98% | Post-tightening monetary recalibration across advanced and emerging central banks |
| 2024 | 2.75% | 2.14% – 3.67% | G10 policy rates peak and pivot toward gradual monetary normalization |
| 2023 | 3.26% | 2.58% – 4.35% | - |
| 2022 | 2.51% | 0.45% – 4.03% | Global inflation surge triggers fastest synchronized rate hiking cycle in four decades |
| 2021 | -0.24% | -1.12% – 0.79% | - |
| 2020 | -0.02% | -1.11% – 0.79% | COVID-19 pandemic emergency rate cuts and record balance sheet expansion |
| 2019 | 0.50% | 0.22% – 0.90% | - |
| 2018 | 0.97% | 0.23% – 1.48% | - |
| 2017 | 0.48% | 0.11% – 1.02% | - |
| 2016 | -0.11% | -0.57% – 0.57% | Bank of Japan introduces Yield Curve Control (YCC); post-Brexit BoE easing |
| 2015 | 0.79% | 0.00% – 2.46% | - |
| 2014 | 2.77% | 1.43% – 3.67% | ECB and European peers introduce Negative Interest Rate Policy (NIRP) |
| 2013 | 0.34% | -0.94% – 1.55% | - |
| 2012 | -0.05% | -0.47% – 0.59% | - |
| 2011 | -0.28% | -0.59% – 0.24% | European Sovereign Debt Crisis and Swiss franc safe-haven surge |
| 2010 | -0.70% | -1.17% – -0.12% | - |
| 2009 | -1.34% | -2.52% – 0.00% | - |
| 2008 | 1.39% | 0.35% – 2.35% | Global Financial Crisis drives major central banks to the zero lower bound and QE1 |
| 2007 | 0.05% | -0.24% – 0.70% | - |
| 2006 | 0.22% | -0.12% – 0.82% | - |
| 2005 | -0.24% | -0.93% – 0.24% | - |
| 2004 | -0.02% | -0.47% – 0.82% | - |
| 2003 | -0.26% | -0.58% – 0.00% | - |
| 2002 | -0.91% | -1.62% – -0.23% | - |
| 2001 | -0.72% | -1.27% – -0.23% | Dot-com bust and synchronized G10 monetary easing cycle |
| 2000 | -0.67% | -1.14% – -0.34% | - |
| 1999 | -0.34% | -1.14% – 0.34% | Launch of the Euro and establishment of the European Central Bank (ECB) |
| 1998 | 0.68% | -0.34% – 2.21% | - |
| 1997 | 1.70% | 0.47% – 2.44% | Asian Financial Crisis triggers emergency EM currency defense hikes |
| 1996 | 0.13% | -0.47% – 0.58% | - |
| 1995 | -0.10% | -0.70% – 0.59% | - |
| 1994 | 0.69% | -0.12% – 1.30% | Global bond market selloff and pre-emptive Federal Reserve tightening cycle |
| 1993 | 1.26% | 0.83% – 1.91% | - |
| 1992 | 1.74% | 0.72% – 2.42% | European Exchange Rate Mechanism (ERM) crisis and Black Wednesday |
| 1991 | 3.28% | 2.58% – 3.94% | - |
| 1990 | 3.06% | 2.31% – 3.83% | German reunification tightening and Japanese asset bubble peak |
| 1989 | 2.29% | 0.93% – 3.04% | - |
| 1988 | 0.66% | 0.13% – 1.19% | - |
| 1987 | 0.11% | -1.06% – 0.80% | Louvre Accord and Black Monday central bank liquidity provision |
| 1986 | 0.60% | -0.27% – 1.75% | - |
| 1985 | 2.06% | 1.48% – 3.16% | Plaza Accord coordinated G5 currency intervention depreciates USD |
| 1984 | 2.27% | 1.82% – 2.97% | - |
| 1983 | 1.89% | 0.98% – 2.70% | - |
| 1982 | 2.74% | 1.90% – 3.27% | - |
| 1981 | 4.92% | 3.73% – 7.32% | Volcker disinflation peak pushes benchmark policy rates to postwar highs |
| 1980 | 7.79% | 6.62% – 8.81% | - |
| 1979 | 3.76% | 2.77% – 5.60% | Second oil shock; Paul Volcker appointed Federal Reserve Chair |
| 1978 | 4.21% | 3.66% – 4.91% | - |
| 1977 | 8.14% | 5.00% – 9.46% | - |
| 1976 | 9.38% | 8.52% – 10.66% | - |
| 1975 | 11.93% | 7.96% – 17.74% | - |
| 1974 | 23.10% | 20.86% – 24.84% | First OPEC oil shock triggers global stagflation and steep policy rate hikes |
| 1973 | 11.55% | 6.33% – 18.35% | - |
| 1972 | 4.90% | 3.65% – 5.78% | - |
| 1971 | 6.42% | 4.91% – 7.89% | Nixon Shock suspends USD gold convertibility; Bretton Woods system ends |
| 1970 | 7.56% | 5.24% – 8.78% | - |
| 1969 | 5.26% | 3.08% – 7.17% | - |
| 1968 | 5.43% | 3.82% – 6.38% | - |
| 1967 | 4.00% | 2.23% – 5.56% | - |
| 1966 | 4.99% | 3.85% – 6.40% | Credit crunch of 1966 and monetary tightening |
| 1965 | 6.67% | 5.69% – 7.98% | - |
| 1964 | 3.70% | 2.15% – 5.13% | - |
| 1963 | 7.64% | 5.99% – 8.88% | - |
| 1962 | 6.77% | 3.83% – 8.59% | - |
| 1961 | 5.44% | 3.66% – 9.42% | - |
| 1960 | 3.67% | 2.69% – 4.95% | - |
| 1959 | 1.10% | 0.55% – 2.20% | - |
| 1958 | -0.45% | -1.63% – 0.55% | Eisenhower recession and global monetary easing |
| 1957 | 2.96% | 1.67% – 4.52% | - |
| 1956 | 0.29% | -2.23% – 2.87% | - |
| 1955 | -1.11% | -2.76% – 1.13% | - |
| 1954 | 6.94% | 1.72% – 9.94% | Post-Korean War Federal Reserve policy rate normalization |
| 1953 | 6.33% | 1.90% – 10.83% | - |
| 1952 | 5.18% | 0.00% – 13.67% | - |
| 1951 | 17.86% | 2.96% – 24.60% | - |
| 1950 | -6.67% | -11.43% – 2.27% | - |
| 1949 | 35.03% | 5.56% – 68.58% | - |
| 1948 | 92.41% | 60.16% – 148.57% | - |
| 1947 | 177.35% | 141.03% – 193.83% | - |
Frequently Asked Questions - Japan Inflation Rate
What is the current inflation rate in Japan?
As of Jul 2026, headline consumer price inflation in Japan is 1.90% year-on-year, compared to the Bank of Japan target of 2.0% Price Stability Target.
What was the highest inflation rate recorded in Japan?
In the 1947-2026 series, Japan CPI inflation peaked at 193.83% in Nov 1947 and reached a low of -11.43% in Apr 1950.
Statistical Provenance
Source Metadata & Methodology Notes
- Primary Institution:
- Bank for International Settlements (BIS) & National Statistical Office
- Dataset / Dataflow:
- BIS Long Series on Consumer Prices (WS_LONG_CPI)
- Canonical Series ID:
- WS_LONG_CPI:M:JP:771
- Reuse & License:
- Terms of permitted use of BIS statistics
- Unit of measure: Year-on-year percentage change in headline consumer price index (UNIT_MEASURE=771).
- Central bank benchmark target: 2.0% Price Stability Target (Bank of Japan).
- Annual table values represent annual average inflation across each calendar year.
Academic & Media Attribution
Cite This Dataset (APA & BibTeX)
APA 7th Edition
CentralBankData.com. (2026). Japan Inflation Rate (CPI YoY %), compiled from Bank for International Settlements (WS_LONG_CPI:M:JP:771). https://centralbankdata.com/japan-inflation-rate
BibTeX
@misc{cbd_cpi_japan,
author = {CentralBankData.com},
title = {Japan Consumer Price Inflation Rate},
note = {Compiled from Bank for International Settlements WS_LONG_CPI:M:JP:771},
year = {2026},
url = {https://centralbankdata.com/japan-inflation-rate}
}Related Bank of Japan & Global Series
Full Bank of Japan profile →Central Bank Interest Rates
Bank of Japan Policy Interest Rate (Japan)
Sep 20261.25%
Central Bank Balance Sheets (USD)
Bank of Japan Balance Sheet Total Assets (USD)
Jul 2026$4,020.94B
Central Bank Assets Share of GDP
Bank of Japan Balance Sheet Share of GDP (Japan)
2026 Q294.35%
Foreign Exchange & Gold Reserves
Japan Foreign Exchange & Gold Reserves (USD)
2025$1,371.40B
Real Effective Exchange Rates (REER)
Japanese Yen (JPY) Real Effective Exchange Rate (REER)
Sep 202666.61
Consumer Price Inflation Rates & Targets
United States Inflation Rate (CPI YoY %)
Aug 20263.40%