Food prices in Japan increased by 0.1 percent year-on-year in June 2021, reversing from a 0.9 percent drop a month earlier. This was the first food inflation since October 2020, amid a rebound in cost of fresh food (0.6% vs -5.2% in May), fish & seafood (0.7% vs -0.2%), and fresh vegetables (1.5% vs -7.4%). In addition, prices increased further for meats (0.3% vs -0.2%), cakes & candies (0.8% vs 0.9%), beverages (0.1% vs 0.2%), and meals outside the home (0.4% vs 0.3%). Meantime, cost was flat for cooked food (vs 0.1% in May), while prices continued to fall for cereals (-1.4% vs -1.6%), fresh fruits (-1.5% vs -8.9%), dairy products (-0.2% vs -0.2%), oils, fats (-1% vs -1.5%), and alcoholic beverages (-0.2% vs -0.2%). source: Ministry of Internal Affairs & Communications
Food Inflation in Japan averaged 2.61 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 July of 2021.
Food Inflation in Japan is expected to be -0.50 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 0.70 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.