Food prices in Japan fell by 0.6 percent year-on-year in July 2021, after a revised flat reading in the prior month. Cost declined for fresh food (-4.2% vs 0.7% in June), fresh vegetables (-9.6% vs 1.6%), cereals (-1.5% vs -1.4%), meats (-0.2% vs 0.2%), oils, fats (-0.3% vs -0.9%), fresh fruits (-0.9% vs -1%), and cooked food (-0.5% vs 0.1%). Meantime, prices of alcoholic beverages were flat after falling 0.3% in June, while cost rose for fish & seafood (1.7% vs 0.5%), cakes & candies (0.5% vs 0.5%), dairy products (0.2% vs -0.2%), beverages (0.7% vs 0.2%), and meals outside the home (0.5% vs 0.4%). source: Ministry of Internal Affairs & Communications
Food Inflation in Japan averaged 2.60 percent from 1971 until 2021, 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. This page provides the latest reported value for - Japan Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Food Inflation - values, historical data and charts - was last updated on September of 2021.
Food Inflation in Japan is expected to be -0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Food Inflation is projected to trend around 1.30 percent in 2022 and 1.90 percent in 2023, according to our econometric models.