Food prices in Japan rose by 7.0% yoy in December 2022, the most since September 1980, after a 6.9% gain a month earlier. This was the 16th straight month of increase in cost of food due to a rapid decline in the yen. Upward cost pressures mainly came from cereals (9.6% vs 8.9% in November), fish & seafood (15.1% vs 13.3%), alcoholic beverages (6.1% vs 5.9%), beverages (6.3% vs 5.6%), meats (7.1% vs 6.4%), dairy products & eggs (9.0% vs 7.5%), cakes & candies (7.6% vs 7.3%), oil, fats & seasonings (10.2% vs 9.5%), meals outside the home (5.8% vs 5.3%), and cooked food (7.3% vs 6.8%). Meantime, prices of fresh vegetables rose the least in three months (0.5% vs 7.5%) while cost of fresh fruits fell further (-1.0% vs 1.1%). source: Ministry of Internal Affairs & Communications

Food Inflation in Japan averaged 2.62 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 January of 2023.

Food Inflation in Japan is expected to be 6.80 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 3.10 percent in 2024 and 2.40 percent in 2025, according to our econometric models.

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Japan Food Inflation

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