Japan Inflation Rate 2024. Japan's core consumer inflation slowed for a third straight month in january but beat forecasts and held at the central bank's 2% target, keeping alive expectations it will end. Japan's core consumer inflation has exceeded the boj's 2% for well over two years as rising raw material import costs, due in part to the weak yen, prodded firms to hike.

The current inflation rate in japan is 2.5%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in september 2024. Japan’s benchmark inflation gauge topped estimates in january, supporting the case for the bank of japan to continue moving toward ending its negative interest rate policy.