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For additional information relating to this article, please contact:

Ting Wei GIS Officer
Tel: 902-424-5262Email: Ting.Wei@novascotia.ca

December 27, 2017
JAPAN CPI INFLATION, NOVEMBER 2017

Japanese consumer price inflation in Japan rebounded to 0.5 per cent between November 2016 and November 2017. All items CPI inflation had slowed to 0.2 per cent in October after rising for three months as food prices dipped. Excluding fresh food and energy, Japan's underying inflation has risen to 0.3 per cent after reporting deflation in early 2017.

The rebound for Japanese inflation in November appears as food prices stabilized - falling 0.2 per cent. As oil prices have recovered from the lows of early 2016, energy inflation continues to rise - up 8.4 per cent compared with November 2016. 

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.  All three have reported a rebound in inflation over the last month.

Japan Statistics Bureau - Consumer Price Index

 



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