Food prices in Japan increased by 0.9 percent year-on-year in August 2021, after a 1.1 percent decline in the prior month. This was the first rise in cost of food since October 2020, supported by a rebound in prices of both fresh food (2.2% vs -8.8% in August) and fresh vegetables (5.5% vs -18%). In addition, main upward pressure also came from meats (1.4% vs 1%), oils, fats (1% vs 0.5%), alcoholic beverages (0.1% vs 0.1), fish & seafood (2.2% vs 2.2%), cakes & candies (1% vs 0.9%), dairy products (0.7% vs 0.5%), beverages (0.5% vs 0.4%), meals outside the home (0.5% vs 0.5%), and cooked food (0.8% vs flat reading). At the same time, prices of cereal fell at a slower pace (-0.8% vs -1.1%), while those of fresh fruits dropped further (-5.3% vs -2%). source: Ministry of Internal Affairs & Communications
Food Inflation in Japan averaged 2.59 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 October 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. 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.