Cost of food in Japan increased 2.90 percent in August of 2020 over the same month in the previous year.
Food Inflation in Japan averaged 2.65 percent from 1971 until 2020, 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 September of 2020. source: Ministry of Internal Affairs & Communications
Food Inflation in Japan is expected to be 1.50 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 1.20 in 12 months time. In the long-term, the Japan Food Inflation is projected to trend around 1.30 percent in 2021 and 1.90 percent in 2022, according to our econometric models.