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An employee manages Kawaguchi, Saitama prefecture, Japanese, Japanese Saistamia, Japanese bags. Rice bags are believed to meet the Japanese supermarket shelves while farmers collect their new cultivation, even if the supply of supply is to break the highest prices. Photographer: Kiyoshi OTA / Bloomberg via Getty Images
Bloomberg | Bloomberg | Getty Images
Rice prices in japan More than doubling in May101.7% each year, marking the highest growth of more than half a century.
The giant spike continues to increase 98.4% in April and 92.1% in March.
Japanese rice prices have been In spotlights Lately, the government released emergency warehouses to moderate the price of the country’s food staplet.
Rice prices rise in the Japanese inflation rate rose to 3.7%, marking its highest level from January 2023.
Figure – which includes fresh food costs – Reuters accounted for more than 3.6% of the expected economists expected and is a reading of 3.5% April.
The incumbent inflation reached 3.5% compared to 3.6% in April. This marks 38. Month that the inflation runs over 2% target.
The so-called “core core” inflation rate lists the fresh food and fresh energy prices and very well controls BOJ, from 3.3% to 3% of the previous month.
Marcella Chow stated that the Global JP Morgan Asset Management Market Strategist, which recounts rice approximately 50% of Japanese inflation and future inflation trends are based on food prices, especially rice.
The last measures to reduce rice prices can improve domestic expenses in the real economy, Chow told CNBC: “If these reduces them to process the small prices of rice and wear restaurants.”
By default, Kei Okamura, Neuberger Berman’s portfolio director said that inflation numbers are not unexpected to increase in food prices.
“We have sight, however, in the coming months, we should see the disappearance of these prices pressure,” CNBC saidSquawk Box Asia“.
He added that the geopolitical strains in the Middle East can also affect energy prices.
Inflation image is central bank Fees in 0.5% After meeting his money policy earlier this week, he said term The increase in salary increases, rises to price sales, encouraging the core inflation.
Cattle cattle Kazuo Ueeda He said in the Japanese Parliament last week, the central bank will continue to rise rates “once, that the inflation below will approach 2% or move around that level.”
However, the bank is expected to be expected to advance inflation, “The underlying KPI inflation will be slow, especially for delay in the economy.”
One by one, Japanese GDP fell by 0.2% The quarter ended in March As exports are declined compared to the previous period, it hired the economy in quarter quarterly in a year.
