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March 19, 2021JAPAN CPI INFLATION, FEBRUARY 2021 
Japan’s CPI inflation (all items, year-over-year) declined 0.4% in February 2021 compared to February 2020. Energy inflation declined 7.2% and food inflation edged down 0.1% compared to February 2020.
Japan's underlying inflation (all items excluding fresh food and energy) edged up 0.2%, the second month of year-over-year increase after five months of negative inflation.
During the COVID-19 pandemic, the impacts on prices have been sharply negative in Canada as a large drop in energy (especially petroleum) prices caused a sharp deceleration in year-over-year inflation at both national and provincial levels. Energy prices and overall inflation are lower in Japan in recent months as compare to Canada and Nova Scotia.
Sources: Japan Statistics Bureau - Consumer Price Index; Statistics Canada. Table 18-10-0004-01 Consumer Price Index, monthly, not seasonally adjusted; Table 18-10-0005-01 Consumer Price Index, annual average, not seasonally adjusted
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