Food prices in Japan rose by 8.4% from a year earlier in April 2023, the steepest increase since August 1976, after a 7.8% gain a month earlier. This was the 20th straight month of food inflation due to a rapid decline in the yen. Upward cost pressures came from all components, including fresh vegetables (1.2% vs -1.0% in March), fresh fruits (2.3% vs 4.8%), alcoholic beverages (7.5% vs 6.6%), beverages (7.3% vs 6.7%), dairy products & eggs (16.7% vs 13.8%), cakes & candies (11.0% vs 8.2%), oil, fats & seasonings (9.3% vs 9.8%), cooked food (9.3% vs 8.9%). cereals (7.5% vs 7.1%), fish & seafood (15.4% vs 15.8%), meats (8.4% vs 7.6%), and meals outside the home (6.8% vs 6.9%). source: Ministry of Internal Affairs & Communications

Food Inflation in Japan averaged 2.65 percent from 1971 until 2023, 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 June of 2023.

Food Inflation in Japan is expected to be 5.20 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 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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