Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for Japan
Growth rate same period previous year, Monthly
JPNCPGRHO01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.70
Year-over-Year Change
-0.70%
Date Range
1/1/1971 - 6/1/2021
Summary
The growth rate same period previous year, monthly measures the year-over-year percent change in Japan's consumer prices on a monthly basis. This key inflation indicator is closely watched by policymakers and analysts to assess price pressures in the Japanese economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The growth rate same period previous year, monthly is an important metric for evaluating the pace of inflation in Japan. It compares the current month's consumer price index to the same month a year earlier, providing a snapshot of underlying price trends over time.
Methodology
This data is collected monthly by Japan's Ministry of Internal Affairs and Communications through a nationwide survey of consumer prices.
Historical Context
Policymakers at the Bank of Japan use this inflation gauge to inform monetary policy decisions aimed at maintaining price stability.
Key Facts
- Japan's central bank targets 2% annual inflation.
- Prices have remained largely stagnant since the 1990s.
- Slow wage growth has contributed to persistent low inflation.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year, monthly measures the year-over-year percent change in Japan's consumer prices on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This key inflation indicator is closely watched by policymakers and analysts to assess price pressures in the Japanese economy.
Q: How is this data collected or calculated?
A: This data is collected monthly by Japan's Ministry of Internal Affairs and Communications through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: Policymakers at the Bank of Japan use this inflation gauge to inform monetary policy decisions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into Japan's inflation dynamics.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (JPNCPGRHO01GYM), retrieved from FRED.