Forex Fundamentals
Japan Inflation Rate (CPI)

Japan Inflation Rate (CPI) 22 June 2023

Japan Inflation Rate (CPI) 22 June 2023: 3.2% for May 2023, below the 4.1% forecast and down from 3.5% in April 2023. Printed 3.2%, above the 2% target. It was released on Thu 22 Jun 2023 at 23:30 UTC.

These figures were verified on 4 Oct 2026 from the source: Ministry of Internal Affairs & Communications. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
3.2%
May 2023
Forecast
4.1%
The market consensus
Previous
3.5%
As the source gives it

What a print like this usually does

Below the forecast: A clear slowdown usually weighs on the yen if it reduces the likelihood of BoJ tightening.

Japan Inflation Rate (CPI) 22 June 2023: 3.2% for May 2023 against a 4.1% forecast, with the last 12 releases
Sharing this? Please link to this page as the source.Download the chart

Cite this release

If you cite this release, please link to this page:

Japan Inflation Rate (CPI) 22 June 2023: 3.2% vs 4.1% forecast (Ministry of Internal Affairs & Communications). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/jp-cpi/2023-06-22

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
22 Jun 2023May3.2%4.1%3.5%
18 May 2023Apr3.5%2.5%3.2%
20 Apr 2023Mar3.2%—3.3%
23 Mar 2023Feb3.3%—4.3%
23 Feb 2023Jan4.3%—4%
19 Jan 2023Dec4%—3.8%
22 Dec 2022Nov3.8%—3.7%
17 Nov 2022Oct3.7%—3%
20 Oct 2022Sep3%—3%
19 Sep 2022Aug3.0%—2.6%
18 Aug 2022Jul2.6%—2.4%
21 Jul 2022Jun2.4%—2.5%
The release before:Japan Inflation Rate (CPI) 18 May 2023The release after:Japan Inflation Rate (CPI) 20 July 2023Japan Inflation Rate (CPI): every recent resultThis week’s economic calendar