Consumer Price Index: OECD Groups: Goods: Total for Japan
JPNCPGRGO01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.39
Year-over-Year Change
-299.23%
Date Range
2/1/1970 - 6/1/2021
Summary
The Consumer Price Index (CPI) for Goods: Total measures changes in the prices of consumer goods in Japan. This metric is a key indicator of inflation and consumer purchasing power, which are crucial for economic policymaking.
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 Goods: Total in Japan tracks the average change in prices paid by consumers for a basket of consumer goods, excluding services. This broad-based index is used to assess the overall cost of living and inflationary pressures in the Japanese economy.
Methodology
The data is collected through surveys of retail prices and calculated using a Laspeyres price index formula.
Historical Context
Policymakers and analysts monitor this CPI metric to gauge inflationary trends and inform monetary and fiscal policy decisions.
Key Facts
- The base year for the Japanese CPI for Goods is 2015.
- Goods account for about 55% of the total CPI basket in Japan.
- Japan has experienced low and stable inflation in recent decades.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Goods: Total measures changes in the prices of consumer goods in Japan, excluding services.
Q: Why is this trend relevant for users or analysts?
A: This CPI metric is a key indicator of inflation and consumer purchasing power, which are crucial for economic policymaking in Japan.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and calculated using a Laspeyres price index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this CPI metric to gauge inflationary trends and inform monetary and fiscal policy decisions in Japan.
Q: Are there update delays or limitations?
A: The CPI for Goods: Total data is published monthly with a short lag, providing timely information on price movements.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Goods: Total for Japan (JPNCPGRGO01GPM), retrieved from FRED.