Inflation Rate and Consumer Price Index
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Japanese inflation rate

Japan inflation summary for May 2024

Updated: June 21, 2024
Next update: July 19, 2024

Current Japan inflation rate

May 2024
2.9%
The Consumer Price Index for Japan is 108.1 for the month of May 2024. The inflation rate year over year is 2.9% (compared to 2.5% for the previous month). Inflation from April 2024 to May 2024 was 0.4%.

Previous Japan Inflation Rate

April 2024 to May 2024
0.4%

Month-to-Month Japan Inflation Rate

April 2024
2.5%

Recent inflation rates for Japan

YearjanfebmaraprmayjunjulaugsepoctnovdecAnnual
20242.1%2.8%2.7%2.5%2.9%
20234.4%3.3%3.3%3.5%3.2%3.3%3.3%3.1%3.0%3.3%2.9%2.6%3.3%
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%
All inflation rates are calculated using the Japan Consumer Price Index (CPI) series.