Inflation Rate (CPI): Japan
Current Value (2024)
2.7%
All-Time Peak (1974)
23.2%
All-Time Low (2009)
-1.4%
Inflation Rate (CPI) — Japan
Analysis# Japan's Inflation Analysis
Japan's inflation has stabilized near the 2.7% level in 2024, a dramatic reversal from the deflationary pressures that defined the post-2008 period, when the nation hit a low of -1.35% in 2009. The 1974 peak of 23.2% reflects the severe stagflation triggered by the first OPEC oil embargo, which devastated Japan's import-dependent economy and marked the end of its high-growth era. The 64-year dataset reveals a structural shift: the volatile 1970s-80s gave way to the "Lost Decades" of persistent deflation (1990s-
Historical Data
| Year | Value | Change % |
|---|---|---|
| 2024 | 2.7% | -16.20% |
| 2023 | 3.3% | +30.85% |
| 2022 | 2.5% | +1170.35% |
| 2021 | -0.2% | -833.57% |
| 2020 | -0.0% | -105.33% |
| 2019 | 0.5% | -52.61% |
| 2018 | 1.0% | +104.27% |
| 2017 | 0.5% | +480.48% |
| 2016 | -0.1% | -116.00% |
| 2015 | 0.8% | -71.18% |
| 2014 | 2.8% | +723.56% |
| 2013 | 0.3% | +860.34% |
| 2012 | -0.0% | +83.83% |
| 2011 | -0.3% | +62.59% |
| 2010 | -0.7% | +46.17% |
| 2009 | -1.4% | -198.03% |
| 2008 | 1.4% | +2198.62% |
| 2007 | 0.1% | -75.92% |
| 2006 | 0.2% | +188.13% |
| 2005 | -0.3% | -3200.28% |
Show all 65 rows
| Year | Value | Change % |
|---|---|---|
| 2004 | -0.0% | +96.66% |
| 2003 | -0.3% | +72.22% |
| 2002 | -0.9% | -24.79% |
| 2001 | -0.7% | -9.38% |
| 2000 | -0.7% | -98.24% |
| 1999 | -0.3% | -151.56% |
| 1998 | 0.7% | -62.13% |
| 1997 | 1.7% | +1179.50% |
| 1996 | 0.1% | +206.80% |
| 1995 | -0.1% | -118.39% |
| 1994 | 0.7% | -44.05% |
| 1993 | 1.2% | -29.38% |
| 1992 | 1.8% | -45.86% |
| 1991 | 3.3% | +5.62% |
| 1990 | 3.1% | +35.48% |
| 1989 | 2.3% | +234.87% |
| 1988 | 0.7% | +437.78% |
| 1987 | 0.1% | -78.81% |
| 1986 | 0.6% | -70.69% |
| 1985 | 2.0% | -10.14% |
| 1984 | 2.3% | +19.05% |
| 1983 | 1.9% | -30.69% |
| 1982 | 2.7% | -44.20% |
| 1981 | 4.9% | -36.85% |
| 1980 | 7.8% | +110.13% |
| 1979 | 3.7% | -12.06% |
| 1978 | 4.2% | -48.42% |
| 1977 | 8.2% | -12.93% |
| 1976 | 9.4% | -20.09% |
| 1975 | 11.7% | -49.48% |
| 1974 | 23.2% | +100.04% |
| 1973 | 11.6% | +139.67% |
| 1972 | 4.8% | -24.27% |
| 1971 | 6.4% | -7.64% |
| 1970 | 6.9% | +31.89% |
| 1969 | 5.2% | -1.68% |
| 1968 | 5.3% | +33.83% |
| 1967 | 4.0% | -20.85% |
| 1966 | 5.0% | -24.27% |
| 1965 | 6.7% | +75.14% |
| 1964 | 3.8% | -43.34% |
| 1963 | 6.7% | -1.88% |
| 1962 | 6.8% | +27.33% |
| 1961 | 5.4% | +50.19% |
| 1960 | 3.6% | — |