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July 31, 2017JAPAN CPI INFLATION, JUNE 2017 
Inflation in Japan was 0.3 per cent between June 2016 and June 2017. All items CPI inflation had been 0.4 per cent in April and May over the year. Excluding food and energy, Japanese prices are declining, with the underlying index down 0.2 per cent on a year-over-year basis in June.
As oil prices have recovered from the lows of early 2016, energy inflation is rising again - up 5.0 per cent compared with June 2016. Food price inflation continues to be modest, at 0.9 per cent year-over-year in June.
Japanese inflation has been persistently below inflation reported in Canada and Nova Scotia for much of the last two years. Stabilizing energy prices are a global phenomenon and with it, inflation is returning across many advanced economies. However, Japan's inflation remains lower than the growth of the CPI in either Canada or Nova Scotia.
Japan Statistics Bureau - Consumer Price Index
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