Inflation, consumer prices for Japan
FPCPITOTLZGJPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.74
Year-over-Year Change
-6314.84%
Date Range
1/1/1960 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Japan measures the changes in the prices of a basket of consumer goods and services. It is a key indicator of inflation and an important metric for policymakers and economists.
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 tracks the average change in prices paid by consumers for a representative basket of goods and services. It is used to assess the purchasing power of the Japanese yen and monitor the overall cost of living in the country.
Methodology
The data is collected by the Statistics Bureau of Japan through surveys of retail establishments and households.
Historical Context
The CPI is closely watched by the Bank of Japan and other policymakers to help guide monetary policy decisions.
Key Facts
- Japan's CPI rose 3.7% in 2022, the highest level in 40 years.
- The Bank of Japan targets an inflation rate of 2% as part of its monetary policy.
- CPI data is released monthly by the Statistics Bureau of Japan.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Japan measures the changes in the prices of a basket of consumer goods and services, providing a gauge of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial indicator for understanding the overall cost of living and purchasing power in Japan, and it is closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the Statistics Bureau of Japan through surveys of retail establishments and households.
Q: How is this trend used in economic policy?
A: The Bank of Japan uses the CPI data to help guide its monetary policy decisions, as it aims to maintain an inflation rate of around 2%.
Q: Are there update delays or limitations?
A: The CPI data is released monthly by the Statistics Bureau of Japan, with a typical delay of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for Japan (FPCPITOTLZGJPN), retrieved from FRED.