Japón Tasa De Inflación

Japan’s annual inflation eased to 2.1% in December 2025 from 2.9% in the prior month, the lowest since March 2022. Food inflation fell to a 13-month low (5.1% vs 6.1%), driven by the slowest rise in rice prices in 16 months. Price growth also eased across clothing (2.0% vs 2.3%), transport (1.9% vs 3.3%), healthcare (0.7% vs 0.8%), household items (1.6% vs 1.8%), and communications (6.2% vs 6.9%). Energy costs turned negative, with electricity (-2.3% vs 4.9%) and gas (-2.1% vs 0.7%) falling for the first time in four months, reflecting subsidy effects. Education costs declined further (-5.6% vs -5.6%). In contrast, recreation inflation held steady (at 2.3%), while housing (1.0% vs 0.9%) and miscellaneous goods (0.8% vs 0.6%) edged higher. Core inflation slipped to 2.4% from 3.0%, the lowest since October 2024, though still above the central bank’s 2% target for the 45th straight month. Monthly, CPI fell 0.1%, reversing November’s 0.3% gain and marking the first drop in nine months.