Inflation Rate and Consumer Price Index
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Japanese inflation rate

Japan inflation summary for January 2023

Updated: February 24, 2023
Next update: March 24, 2023

Current Japan inflation rate

January 2023
4.4%
The Consumer Price Index for Japan is 104.7 for the month of January 2023. The inflation rate year over year is 4.4% (compared to 0.0% for the previous month). Inflation from December 2022 to January 2023 was 0.6%.

Previous Japan Inflation Rate

December 2022 to January 2023
0.6%

Month-to-Month Japan Inflation Rate

December 2022
0.0%

Recent inflation rates for Japan

YearjanfebmaraprmayjunjulaugsepoctnovdecAnnual
20234.4%
20220.5%0.9%1.2%2.4%2.4%2.3%2.6%3.0%3.0%3.8%3.8%4.0%2.5%
2021-0.7%-0.5%-0.4%-1.1%-0.7%-0.4%-0.3%-0.4%0.2%0.1%0.6%0.8%-0.2%
20200.8%0.6%0.6%0.2%0.1%0.1%0.2%0.1%-0.2%-0.6%-1.0%-1.2%-0.0%
20190.2%0.2%0.5%0.9%0.7%0.6%0.6%0.2%0.2%0.2%0.5%0.8%0.5%
All inflation rates are calculated using the Japan Consumer Price Index (CPI) series.