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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

September 20, 2019
JAPAN CPI INFLATION, AUGUST 2019

Japan's CPI inflation (all items, year-over-year) decelerated again to 0.2 per cent in August 2019.

Energy prices fell 0.2 per cent and food prices were unchanged compared to August 2018. Japan's underlying inflation was 0.5 per cent (all items excluding fresh food and energy).                                                                                                   

Inflation has slowed in many advanced economies as oil prices abated, with year-over-year price growth slowing for Canada, Nova Scotia and Japan since last summer.  There have been signs of faster inflation in recent months, though Japan's inflation continues to be lower than most advanced economies. 

As of August, Japan's all items CPI has reported positive year-over-year inflation for 35 months.  This is the longest run of positive inflation for Japan since the early 1990s.

Sources: 

Japan Statistics Bureau - Consumer Price Index

Statistics Canada.  Table  18-10-0004-01   Consumer Price Index, monthly, not seasonally adjusted



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