Consumer prices in Japan dropped by 0.4 percent year-on-year in May of 2016, compared to a 0.3 percent fall in April and matching market expectations. It was the third straight month of decline as prices of food eased while cost of housing and transport declined. Core consumer prices fell by 0.4 percent from a year earlier in May, following a 0.3 percent decline in April and in line with market consensus. The so-called core-core consumer prices, which excludes food and energy prices rose 0.6 percent year-on-year, compared to a 0.7 percent rise in April. On a monthly basis, consumer prices rose 0.1 percent, compared to a 0.2 percent increase in the previous month. Inflation Rate in Japan averaged 3.09 percent from 1958 until 2016, reaching an all time high of 25 percent in February of 1974 and a record low of -2.52 percent in October of 2009. Inflation Rate in Japan is reported by the Ministry of Internal Affairs & Communications. In Japan, the most important categories in the consumer price index are Food (25 percent of total weight) and Housing (21 percent). Transportation and communications accounts for 14 percent; Culture and recreation for 11.5 percent; Fuel, light and water charges for 7 percent; Medical care for 4.3 percent; Clothes and footwear for 4 percent. Furniture and household utensils, Education and Miscellaneous goods and services account for the remaining. This page provides the latest reported value for – Japan Inflation Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.