Japan's food prices in May rose by 3.5% year-on-year, unchanged from the previous month; rice prices fell by 4.9% for the first time.
- In May, Japan's food prices rose by 3.5% year-on-year, the same as in April, marking the slowest growth rate since October 2024. Within the various categories, fish and seafood increased by 5.5%, meat by 3.5%, dairy and eggs by 3.6%, oils and seasonings by 3.9%, pastries and sweets by 8.1%, ready-made foods by 4.4%, beverages by 8.7%, alcoholic drinks by 0.2%, and dining out by 1.0%. Except for pastries and sweets, all other categories saw a narrowing growth rate compared to the previous month.
- After falling for five consecutive months, the price of fresh vegetables rebounded by 3.8%. The price of grains turned negative for the first time since December 2021, declining by 0.9%. Fresh fruit continued its deflationary trend, dropping 1.6%. Among staple foods, the price of rice fell by 4.9% year-on-year, marking the first annual decrease since November 2022. This indicates a divergence in Japan’s domestic food inflation structure, with cost pressures persisting in some categories but an overall slowdown in price increases.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Morgan Stanley: Space is the "ultimate backyard" for computing power, maintains "Overweight" rating for SpaceX (SPCX.US)
According to Odaily, Morgan Stanley has released a research report maintaining its “Overweight” rating on SpaceX (SPCX.US) and a target price of $300, representing nearly 90% upside from the closing price of $158.96 on October 2. Analyst Adam Jonas and his team put forward a bolder view: space is becoming the ultimate arena where energy is converted into intelligence in the age of AI.
The three major US stock indexes opened higher, with the Nasdaq up 0.6%.
The Dow Jones opened up 0.34%, the Nasdaq rose 0.6%, and the S&P 500 increased by 0.41%. Leading tech stocks saw gains: Super Micro Computer rose 2.58%, Nvidia was up 1.34%, and Microsoft increased by 1.24%. The Nasdaq Golden Dragon China Index edged up 0.02%, while iQIYI fell 1.94% and NetEase dropped 1.58%.
Nike drops by about 1% as Berenberg downgrades its rating to Sell
Nike (NKE.US) dropped by about 1% after Berenberg downgraded its rating to "Sell".
Crypto prices
More
