Food prices in Japan dropped by 0.2 percent year-on-year in March 2021, after being unchanged in a month earlier. There were declines in cost of fresh food (-1.5% vs flat reading in February), cereals (-1.3% vs -1.1%), fish & seafood (-1.9% vs -1.8%), dairy products (-0.6% vs -0.7%), fresh vegetables (-0.2% vs 4.4%), fresh fruits (-1.7% vs -3.4%), oils, fats (-0.4% vs -0.7%), beverages (-1.1% vs -1.4%), and meals outside the home (-0.1% vs flat reading). At the same time, prices were unchanged for both cooked food (vs flat reading) and alcoholic beverages (vs -0.2%). On the other hand, cost went up further for both meats (1.3% vs 1%), and cakes & candies (1.2% vs 1%). source: Ministry of Internal Affairs & Communications
Food Inflation in Japan averaged 2.62 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 May 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. Looking forward, we estimate Food Inflation in Japan to stand at 0.80 in 12 months time. 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.