Japan's Consumer Price Index (CPI) Update
2020-Base Explanation Released
The Government of Japan has released the 2020-Base Explanation of the Consumer Price Index (CPI), which measures changes in the prices paid by consumers for a basket of goods and services.
2023 CPI Summary
According to the data released on January 19, 2024, Japan's all-items index of consumer prices in 2023 stood at 105.6 (2020=100), marking a 3.2% increase compared to the previous year.
The index for all items excluding fresh food also increased by 2.5% from 2022 to 2023, reaching 102.3 (2020=100).
The Ministry of Internal Affairs and Communications released Japan's composite consumer price index excluding fresh food for October 2022, which showed a 3.6% year-over-year increase.
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