Inflation Japan 1977
Average inflation: 8.2%
Current Inflation
Inflation is very high at 8.2%, far above the ECB target.
Peak and Trough
The highest inflation was in March at 9.5%. The lowest inflation was in December at 5.0%.
- Highest month
- March: 9.5%
- Lowest month
- December: 5.0%
- Difference
- 4.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Communication with an average of 53.4%. The lowest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 1.2%.
- Highest increase
- Communication: 53.4%
- Lowest increase
- Alcoholic beverages, tobacco and narcotics: 1.2%
Historical Context
Current inflation is 4.7% lower than the 5-year average of 12.9%.
- 5-year average
- 12.9%
- 10-year average
- 10.3%
- All-time high (1974)
- 23.2%
- All-time low (1972)
- 4.9%
Trend
Inflation shows a downward trend. Compared to 1976, inflation has fallen by +1.2 percentage point.
- Change vs. previous year
- -1.2 percentage points
- Largest monthly swing
- December: -5.5 percentage points
ECB Target
Inflation is 6.2% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €108.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1977
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1976 |
|---|---|---|
| January | 9.4% | +0.7 |
| February | 9.3% | 0.0 |
| March | 9.5% | +0.8 |
| April | 8.8% | -0.6 |
| May | 9.4% | +0.2 |
| June | 8.6% | -1.0 |
| July | 7.7% | -2.2 |
| August | 8.6% | -0.8 |
| September | 7.7% | -2.1 |
| October | 7.6% | -1.1 |
| November | 6.5% | -2.7 |
| December | 5.0% | -5.5 |
| Average | 8.2% |
Data source
Data from OECD. Last updated: 11/01/2026.