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2026-09-21 18:26:12
[Japan's Food Price Increase Narrows, Rice Prices See Largest Drop in Years] ⑴ Japan's food prices rose approximately 3% year-on-year in August 2026, a slowdown from approximately 4% in the previous month, marking the slowest growth since July 2024. ⑵ Price pressures on fresh vegetables, fresh fruits, dairy products and eggs, cakes and confectionery, meat, alcoholic beverages, and prepared foods all eased. ⑶ Grain prices fell for the fourth consecutive month, with a year-on-year decline of approximately 3%. ⑷ Rice prices fell approximately 16% year-on-year, marking the fourth consecutive month of decline and the largest drop since April 2005. ⑸ Meanwhile, prices for fish and seafood, oils and seasonings, beverages, and dining out accelerated. ⑹ Overall, Japan's food inflation exhibits structural divergence, with the sharp decline in rice prices significantly dragging down the overall increase. Future trends may influence the Bank of Japan's policy decisions.
