Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Japan
Growth rate same period previous year
CPGRLE01JPA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.11
Year-over-Year Change
-66.97%
Date Range
1/1/1956 - 1/1/2020
Summary
The 'Growth rate same period previous year' metric tracks the year-over-year change in consumer prices in Japan. It provides insights into inflation trends and can inform economic policy decisions.
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
This economic indicator measures the annual percentage change in consumer prices in Japan compared to the same period in the previous year. It is a key gauge of inflationary pressures and can signal changes in consumer purchasing power and the overall health of the Japanese economy.
Methodology
The data is collected and calculated by the Japanese government based on a survey of consumer prices.
Historical Context
Policymakers and analysts use this inflation metric to assess the effectiveness of monetary and fiscal policies.
Key Facts
- Japan's inflation rate was 4.0% in December 2022.
- The inflation rate has exceeded the Bank of Japan's 2% target since early 2022.
- Rising energy and food prices have been the primary drivers of higher inflation in Japan.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percentage change in consumer prices in Japan. It provides insights into the rate of inflation in the Japanese economy.
Q: Why is this trend relevant for users or analysts?
A: Monitoring inflation is crucial for policymakers and economists to assess the overall health of the economy and the effectiveness of monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Japanese government based on a survey of consumer prices.
Q: How is this trend used in economic policy?
A: Central banks and government officials use this inflation metric to inform monetary and fiscal policy decisions aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a lag of several weeks. There may be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (CPGRLE01JPA659N), retrieved from FRED.