Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Japan
JPNCPGRGO01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.36
Year-over-Year Change
-67.58%
Date Range
1/1/1971 - 4/1/2021
Summary
The Consumer Price Index (CPI) for Goods in Japan measures the change in prices paid by consumers for a basket of goods, excluding services. It is a key indicator of inflation and consumer purchasing power.
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 CPI for Goods in Japan is a subcomponent of the overall Consumer Price Index, which tracks changes in the prices of a representative basket of consumer goods and services. This series focuses specifically on the price changes for goods, providing insight into a major driver of consumer inflation.
Methodology
The data is collected through surveys of prices paid by households for a sample of consumer goods.
Historical Context
The CPI for Goods is used by policymakers and analysts to assess inflationary pressures and inform economic decision-making.
Key Facts
- Japan's CPI for Goods has risen by an average of 0.5% annually over the past decade.
- Goods account for around 60% of the total Consumer Price Index in Japan.
- The CPI for Goods is considered a leading indicator of overall consumer price trends in Japan.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Goods in Japan measures the change in prices paid by consumers for a basket of goods, excluding services.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Goods is a key indicator of inflationary pressures and consumer purchasing power, providing important insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by households for a sample of consumer goods.
Q: How is this trend used in economic policy?
A: The CPI for Goods is used by the Bank of Japan and other policymakers to assess inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Goods data is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Japan (JPNCPGRGO01GYQ), retrieved from FRED.