Consumer prices in Japan dropped by 0.3 percent year-on-year in April of 2016, compared to a 0.1 percent fall in March and matching market expectations. It is the 2nd straight month of decline as prices of food eased while cost of housing and transport declined further. Inflation Rate in Japan averaged 3.10 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.