Historical Year Data · 2003

5Y5Y Forward Inflation in 2003

5Y5Y Forward Inflation opened 2003 at 1.98% and closed at 2.51%, a +26.77% move for the year. The high of 2.79% was reached on November 3, and the low of 1.72% on July 3.

Open

1.98%

2003-01

2.51%

250 data points

High

2.79%

Nov 3

Low

1.72%

Jul 3

Full Year Change

+26.77%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	1.98%	2.13%	2.19%	1.95%	+7.58%
Feb	2.10%	2.13%	2.24%	2.10%	+1.43%
Mar	2.09%	1.95%	2.15%	1.94%	-6.70%
Apr	2.00%	2.01%	2.05%	1.92%	+0.50%
May	2.20%	1.94%	2.20%	1.88%	-11.82%
Jun	1.91%	1.83%	1.93%	1.79%	-4.19%
Jul	1.83%	2.41%	2.41%	1.72%	+31.69%
Aug	2.33%	2.33%	2.46%	2.24%	+0.00%
Sep	2.36%	2.16%	2.40%	2.16%	-8.47%
Oct	2.16%	2.74%	2.74%	2.16%	+26.85%
Nov	2.79%	2.60%	2.79%	2.50%	-6.81%
Dec	2.60%	2.51%	2.63%	2.42%	-3.46%

Events During 2003

1990 Japanese Bubble Collapse

Deflation

January 1990 – 2003

The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.

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5Y5Y Forward Inflation in 2004→