Japan Inflation Rate stands at 1.70% as of June 2026, down from 3.23% a year earlier. The reading sits in the 49th percentile of its history back to 1956.
| Latest (June 2026) | 1.70% |
| One year ago | 3.23% |
| 10-year range | -1.19% – 4.39% |
| All-time range | -2.52% (2009) – 24.80% (1974) |
| Change over 12 months | −1.5 pts — bottomed at 1.26% in 2026 |
| Percentile vs. full history | 49th |
| History | 1956–2026 (846 observations) |
The chart shows the year-over-year change in Japan's consumer price index — the broadest measure of how fast prices are rising for households. Inflation running above a central bank's comfort zone (typically around 2% in developed markets, higher in emerging ones) pressures policymakers to keep rates tight; falling inflation opens the door to easing. For investors, the direction of inflation often matters more than the level: accelerating inflation compresses valuations and forces tightening, while disinflation has historically been a tailwind for both bonds and equities. Data: consumer price index via the IMF, compiled from Japan's national statistics office.
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<a href="https://www.tacticalassetallocation.com/charts/japan-inflation-rate/">Japan Inflation Rate — Cambria Chart Lab</a>
Data: download CSV (source: IMF Consumer Price Index statistics).