Food prices in Japan increased by 0.5 percent year-on-year in October 2021, moderating from a 0.9 percent gain in the prior month. The latest reading pointed to the second straight month of rise in cost of food, amid a slowdown in prices of meats (1.2% vs 1.4% in September), dairy products (0.4% vs 0.7%) and cakes & candies (0.8% vs 1%). In addition, there were declines in cost of fresh food (-1.1% vs 2.2%), fresh vegetables (-4.5% vs 5.5%), alcoholic beverages (-0.4% vs 0.1%), and cereal (-1.1% vs -0.8%). On the other hand, prices of fresh fruits rebounded (0.5% vs -5.3%), amid a steeper rate in cost of oils, fats (2.1% vs 1%), fish & seafood (2.6% vs 2.2%), beverages (2.3% vs 0.5%), meals outside the home (0.6% vs 0.5%), and cooked food (1.1% vs 0.8%). source: Ministry of Internal Affairs & Communications
Food Inflation in Japan averaged 2.59 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 December of 2021.
Food Inflation in Japan is expected to be 0.60 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.