Japan rice prices soar as core inflation accelerates

Japan's inflation tops 3% in March, rice price up 92% y/y

Japan's consumer price index rose 3.2 percent in March from a year earlier as rice prices posted record increases. It was the fourth-straight month for the CPI reading to be at or above 3 percent.

What has been unthinkable for decades has now become a reality: in Japan, the daily rice ball becomes an inflation indicator.

Japan's record rice price surge pushes up core inflation

TOKYO -- Core consumer prices in Japan rose 3.2% in March from a year earlier, as the cost of rice increased at its fastest pace in more than 50 years

Japan rice prices soar as core inflation accelerates

Rice prices in Japan last month were almost twice what they were a year earlier, official data showed Friday, as core inflation accelerated in the world's number four economy.

Japan’s core inflation accelerates, complicates BOJ’s rate path

By Leika Kihara TOKYO (Reuters) – Japan’s core inflation accelerated in March due to persistent rises in food costs, data showed on Friday, complicating the central bank’s task of weighing mounting price pressures against risks to the economy from higher U.S. tariffs. The data comes ahead of the Bank of Japan’s policy meeting next week, when the central bank is set to keep interest rates steady at 0.5% and downgrade its growth estimates. The cor…

BREAKING NEWS: Rice prices in March rise 92.1% on year, fastest pace on record

"The negotiations between Japan and the United States over tariffs have just started," he said. "The results could significantly impact the Japanese economy."