Cost of food in Japan decreased 1.10 percent in December of 2018 over the same month in the previous year. Food Inflation in Japan averaged 2.71 percent from 1971 until 2018, reaching an all time high of 31.60 percent in February of 1974 and a record low of -3.70 percent in November of 1999.
Food Inflation in Japan is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Japan to stand at 1.00 in 12 months time. In the long-term, the Japan Food Inflation is projected to trend around 1.90 percent in 2020, according to our econometric models.