Japanese inflation rate
Japan inflation summary for January 2026
Updated: February 20, 2026
Next update: March 24, 2026
Current Japan inflation rate
January 2026
1.5%
The Consumer Price Index for Japan is 112.9 for the month of January 2026. The inflation rate year over year is 1.5% (compared to 2.1% for the previous month). Inflation from December 2025 to January 2026 was -0.1%.
Previous Japan Inflation Rate
December 2025
2.1%
Month-to-Month Japan Inflation Rate
December 2025 to January 2026
-0.1%
Recent inflation rates for Japan
| Year | jan | feb | mar | apr | may | jun | jul | aug | sep | oct | nov | dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.5% | ||||||||||||
| 2025 | 4.0% | 3.6% | 3.6% | 3.5% | 3.4% | 3.2% | 3.0% | 2.7% | 2.8% | 3.0% | 2.9% | 2.1% | 3.2% |
| 2024 | 2.1% | 2.8% | 2.7% | 2.5% | 2.9% | 2.9% | 2.7% | 3.0% | 2.5% | 2.2% | 2.9% | 3.7% | 2.7% |
| 2023 | 4.4% | 3.3% | 3.3% | 3.5% | 3.2% | 3.3% | 3.3% | 3.1% | 3.0% | 3.3% | 2.9% | 2.6% | 3.3% |
| 2022 | 0.5% | 0.9% | 1.2% | 2.4% | 2.4% | 2.3% | 2.6% | 3.0% | 3.0% | 3.8% | 3.8% | 4.0% | 2.5% |
Additional resources
All inflation rates are calculated using the Japan Consumer Price Index (CPI) series.