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March 05, 2018JAPAN CPI INFLATION, JANUARY 2018 
Japanese consumer price inflation in Japan accelerated again in January, reaching a year-over-year pace of 1.3 per cent for all items. Japan's inflation continues to rebound after starting to rise in the summer of 2017. Higher energy and food prices account for much of the increase in Japan's all items inflation. Outside volatile energy and fresh food prices, Japan's inflation was a more modest 0.4 per cent in January.
Rising energy prices explain much of the recent increases in Japanese inflation. However in the past few months, energy price growth is slowing while food inflation rises.
Japanese inflation has been persistently below inflation reported in Canada and Nova Scotia for much of the last two years. The January results show slowing inflation in Canada while Japan's inflation accelerates. January inflation for Japan was very close to the year-over-year price growth reported for Nova Scotia.
Japan Statistics Bureau - Consumer Price Index
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