Economic Outlook No 117 — Headline inflation in Japan
Japan: Economic Outlook No 117 — Headline inflation was 1.97 in 2026. ◆ Volatile
Economic Outlook No 117 — Headline inflation in Japan, 1961–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
In 2026, economic outlook no 117 — headline inflation in Japan stood at 1.97.
Compared with earlier readings it is down 29.4% on the previous year and up 1,648.7% over ten years.
Over the whole period, economic outlook no 117 — headline inflation in Japan peaked at 23.21 in 1974 and was at its lowest, -1.36, in 2009.
Japan ranks 24th of 28 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook No 117 — Headline inflation in Japan, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | 5.37 | — |
| 1962 | 6.84 | +27.3% |
| 1963 | 6.71 | -1.9% |
| 1964 | 3.8 | -43.3% |
| 1965 | 6.66 | +75.1% |
| 1966 | 5.04 | -24.3% |
| 1967 | 3.99 | -20.8% |
| 1968 | 5.34 | +33.8% |
| 1969 | 5.25 | -1.7% |
| 1970 | 6.76 | +28.8% |
| 1971 | 6.38 | -5.7% |
| 1972 | 4.86 | -23.8% |
| 1973 | 11.6 | +138.9% |
| 1974 | 23.21 | +100.1% |
| 1975 | 11.73 | -49.4% |
| 1976 | 9.39 | -20.0% |
| 1977 | 8.15 | -13.2% |
| 1978 | 4.19 | -48.6% |
| 1979 | 3.73 | -11.0% |
| 1980 | 7.77 | +108.3% |
| 1981 | 4.93 | -36.5% |
| 1982 | 2.75 | -44.3% |
| 1983 | 1.88 | -31.5% |
| 1984 | 2.25 | +19.7% |
| 1985 | 3.1 | +37.8% |
| 1986 | 0.1323 | -95.7% |
| 1987 | 0.053 | -60.0% |
| 1988 | 0.7147 | +1249.3% |
| 1989 | 2.25 | +215.0% |
| 1990 | 2.82 | +25.2% |
| 1991 | 3.26 | +15.6% |
| 1992 | 1.73 | -46.7% |
| 1993 | 1.26 | -27.3% |
| 1994 | 0.6972 | -44.7% |
| 1995 | -0.1159 | -116.6% |
| 1996 | 0.0173 | -114.9% |
| 1997 | 1.69 | +9712.8% |
| 1998 | 0.6715 | -60.4% |
| 1999 | -0.3458 | -151.5% |
| 2000 | -0.5409 | +56.4% |
| 2001 | -0.8041 | +48.7% |
| 2002 | -0.8925 | +11.0% |
| 2003 | -0.2644 | -70.4% |
| 2004 | -0.0166 | -93.7% |
| 2005 | -0.5623 | +3293.8% |
| 2006 | 0.2324 | -141.3% |
| 2007 | 0.0745 | -67.9% |
| 2008 | 1.38 | +1754.2% |
| 2009 | -1.36 | -198.6% |
| 2010 | -0.6284 | -53.9% |
| 2011 | -0.2813 | -55.2% |
| 2012 | -0.0353 | -87.5% |
| 2013 | 0.3439 | -1075.3% |
| 2014 | 2.76 | +702.4% |
| 2015 | 0.7953 | -71.2% |
| 2016 | -0.1273 | -116.0% |
| 2017 | 0.4927 | -487.2% |
| 2018 | 0.9806 | +99.0% |
| 2019 | 0.4688 | -52.2% |
| 2020 | 0.0083 | -98.2% |
| 2021 | -0.2749 | -3399.7% |
| 2022 | 2.52 | -1017.7% |
| 2023 | 3.25 | +28.9% |
| 2024 | 2.75 | -15.5% |
| 2025 | 2.79 | +1.7% |
| 2026 | 1.97 | -29.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.44 | 3.8 | 6.84 | 9 |
| 1970s | 9 | 3.73 | 23.21 | 10 |
| 1980s | 2.58 | 0.053 | 7.77 | 10 |
| 1990s | 1.17 | -0.3458 | 3.26 | 10 |
| 2000s | -0.2755 | -1.36 | 1.38 | 10 |
| 2010s | 0.4768 | -0.6284 | 2.76 | 10 |
| 2020s | 1.86 | -0.2749 | 3.25 | 7 |
Countries ranked near Japan
More economy & growth data for Japan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.03 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 0.4463 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current LCU), annual growth 2.85 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 150.1 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 5.07 million current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual -0.6749 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 1.13 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 38,069 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth -0.675 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 140.23 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is economic outlook no 117 — headline inflation in Japan?
- Economic outlook no 117 — headline inflation in Japan was 1.97 in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 117 — headline inflation recorded in Japan?
- The highest recorded value was 23.21 in 1974.
- What is the lowest economic outlook no 117 — headline inflation recorded in Japan?
- The lowest recorded value was -1.36 in 2009.
- How does Japan rank for economic outlook no 117 — headline inflation?
- Japan ranks 24th out of 28 countries with data for 2026.
- Is economic outlook no 117 — headline inflation rising or falling in Japan?
- Over the last ten years it is up 1,648.7%. The long-run trend across the full record is volatile.
- Where does this Japan data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Economic Outlook No 117 — Headline inflation. Statizoid updates them automatically from the source API.
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About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact : eco.outlook@oecd.org Keywords : Outlook, forecasts, forecast, GDP