Inflation Japan 2021
Average inflation: -0.7%
Current Inflation
There is deflation with consumer prices declining by 0.7%.
Peak and Trough
The highest inflation was in March at -0.4%. The lowest inflation was in April at -1.1%.
- Highest month
- March: -0.4%
- Lowest month
- April: -1.1%
- Difference
- 0.7 percentage points
- Months with data
- 6 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 2.6%. The lowest price increase was in Communication with an average of -7.5%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 2.6%
- Lowest increase
- Communication: -7.5%
Historical Context
Current inflation is 1.0% lower than the 5-year average of 0.3%.
- 5-year average
- 0.3%
- 10-year average
- 0.5%
- All-time high (2014)
- 2.7%
- All-time low (2009)
- -1.3%
Trend
Inflation shows a downward trend. Compared to 2020, inflation has fallen by +0.7 percentage point.
- Change vs. previous year
- -0.7 percentage points
- Largest monthly swing
- January: -1.4 percentage points
ECB Target
Inflation is 2.7% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | -0.7% | -1.4 |
| February | -0.5% | -0.9 |
| March | -0.4% | -0.8 |
| April | -1.1% | -1.2 |
| May | -0.8% | -0.9 |
| June | -0.5% | -0.6 |
| Average | -0.7% |
Data source
Data from OECD. Last updated: 11/01/2026.Not all months available yet.