Consumer Price Index: Total, All Items for Japan
CPALCY01JPM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.33
Year-over-Year Change
2.42%
Date Range
1/1/1970 - 4/1/2022
Summary
The Consumer Price Index (CPI) for Japan tracks changes in the cost of a basket of consumer goods and services. It is a key economic indicator used to measure inflation and assess the purchasing power of the Japanese yen.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The CPI for Japan is a monthly statistical measure that tracks the changes in prices paid by consumers for a representative basket of goods and services. It is an important economic indicator used to monitor and manage inflation, guide monetary policy, and inform consumer and business decisions.
Methodology
The CPI is calculated by the Statistics Bureau of Japan based on a survey of retail prices for a fixed basket of consumer items.
Historical Context
The CPI is closely watched by the Bank of Japan and policymakers to help set interest rates and manage inflation targets.
Key Facts
- Japan's CPI has remained below the Bank of Japan's 2% inflation target since 2014.
- The CPI basket is reviewed and updated every 5 years to reflect changing consumer spending patterns.
- Japan has experienced periods of deflation, or falling consumer prices, in recent decades.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Japan measures the changes in the prices paid by consumers for a basket of common goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key economic indicator used to monitor and manage inflation, guide monetary policy, and inform consumer and business decision-making in Japan.
Q: How is this data collected or calculated?
A: The CPI is calculated by the Statistics Bureau of Japan based on a survey of retail prices for a fixed basket of consumer items.
Q: How is this trend used in economic policy?
A: The CPI is closely watched by the Bank of Japan and policymakers to help set interest rates and manage inflation targets.
Q: Are there update delays or limitations?
A: The CPI is reported monthly, but there may be a 1-2 month delay in the release of the latest data.
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Citation
U.S. Federal Reserve, Consumer Price Index: Total, All Items for Japan (CPALCY01JPM661N), retrieved from FRED.