Japan core inflation dips to lowest since March as rice prices cool

Japan’s core inflation rate rose to 3.1% in July, and as it continued to alleviate rice inflation, a month ago fell from 3.3%.

The figure, which eliminates fresh food costs, was higher than 3% of the economists who participated in the survey by Reuters.

The title inflation in the country decreased from 3.3% in June to the lowest level since November 2024 and fell to 3.1%.

The “core core” inflation rate, which eliminates the prices of both fresh food and energy and closely monitored by Boj, was kept constant at a rate of 3.4%.

Rice inflation fell to 90.7% in July and 100.2% in June and increased by more than twice the prices after two months.

Rice prices showed signs of alleviating after rice shortage, and rice prices dominated headlines in the country early this year. Data from Japan’s Ministry of Agriculture In supermarkets, an average of five kilograms of rice bags were sold for 3,737 Japanese Yen ($ 25,34) in the week of August 4th.

The highest, rice is 4,285 yen per five kilograms of bags, Premium Rice brands have reached 4,469 yen.

Japan’s Central Bank raised inflation forecasts in the economic view report It was released on July 31stSaying that basic inflation ended in March 2025 for the financial year of the basic inflation – it would be 2.7% than the previous 2.2% estimation.

“Core Core” inflation expectations rose from 2.3% to 2.8%.

The inflation figure comes after a 0.3% growth in the second quarter of the Japan economy in the second quarter, mainly supported by net exports in the second quarter.

However, Japan’s trade has seen sluggish figures in July, and exports fell to the largest two markets for more than four years – the shipment sent to the United States and China has fallen at the sharp speed.

Japan saw that on July 22, Washington and the so -called “mutual tariff” fell from 25% to 15% threatened by US President Donald Trump at the beginning of that month.

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