Food inflation in Japan eased to 3.7% in June 2022 from 4.1 in the prior month which was the highest reading in over seven years. Still, this was the tenth straight month of increases in cost of food, with prices moderating for fresh food (6.5% vs 12.3% in May), fresh vegetables (3.3% vs 13.1%), fresh fruits (3.3% vs 11.0%), and beverages (1.1% vs 1.2%). At the same time, prices of alcoholic beverages fell for the ninth straight month (-0.4% vs -0.3%). On the flip side, inflation quickened for fish & seafood (10.8% vs 9.0%), meats (3.3% vs 2.7%), dairy products (1.2% vs 1.1%), cakes & candies (4% vs 3.2%), oils, fats (6.8% vs 6.3%), meals outside the home (2.7% vs 2.2%), cereal (4.0% vs 3.2%), and cooked food (4.3% vs 3.4%). source: Ministry of Internal Affairs & Communications
Food Inflation in Japan averaged 2.59 percent from 1971 until 2022, 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 August of 2022.
Food Inflation in Japan is expected to be 0.20 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 0.40 percent in 2023 and 1.90 percent in 2024, according to our econometric models.