Japon Taux d'inflation

Japan’s annual inflation rate edged down to 2.9% in November 2025 from October's 3-month high of 3.0%, as food inflation hit its lowest in a year (6.1% vs 6.4% in October) amid the slowest rise in 15 months for rice prices. Price growth also slowed for clothing (2.3% vs 2.5%), transport (3.3% vs 3.6%), recreation (2.3% vs 2.6%), communications (6.8% vs 7.5%), and miscellaneous goods (0.6% vs 0.7%), while education costs fell further (-5.6% vs -5.6%). In contrast, inflation was unchanged for housing (at 0.9%), household items (at 1.8%), and healthcare (at 0.8%). Meanwhile, utility prices rose further, with electricity inflation accelerating (4.9% vs 3.5%), while gas prices maintained their increase (0.7% vs 0.7%). Meanwhile, core inflation stood at 3.0%, keeping the same pace as in October and remaining above the Bank of Japan’s 2% target for the 44th straight month. Monthly, the CPI rose 0.4%, matching October's reading and staying at its highest in eight months.