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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

April 21, 2023

Japan’s inflation (all items, year-over-year growth in consumer price index) increased by 3.3% in March 2023 compared to the same time last year. This was the same year-over-year CPI inflation as last month and down from 4.4% in January 2023. Japan's underlying inflation (all items excluding fresh food and energy) increased to 3.7%, the fastest increase since 1981.

Japan's energy prices were down 3.8% in March 2023 compared with March 2022. Japan's food inflation increased 7.7% over this period. 

Sources: Japan Statistics Bureau - Consumer Price Index; Statistics Canada.  Table 18-10-0004-01 Consumer Price Index, monthly, not seasonally adjustedTable 18-10-0005-01 Consumer Price Index, annual average, not seasonally adjusted

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