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August 23, 2024JAPAN CPI INFLATION, JULY 2024 
Japan’s inflation (all items, year-over-year growth in consumer price index) slowed to 2.7% in July 2024. Japan's underlying inflation (all items excluding fresh food and energy) slowed to 1.9%.
Japan's energy prices were up 12.0% in July 2024 compared with July 2023. Japan's food inflation slowed to 2.9% over this period.
Japan's inflation was highest at the end of 2022 and the beginning of 2023, but was lower than inflation in Canada. With Canada's and Nova Scotia's inflation rates decelerating faster in 2024, inflation is now higher in Japan.
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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