AI Data Insight
In July 2026 (Q3), Japan's food spending per household climbed to 95,681 yen, an increase of 5.7% from the previous month, but the real year-on-year decline reached 1.3%. Overall household consumption spending fell by 3.6% year-on-year, far worse than the market estimate of negative 1.6%, indicating that high inflation is profoundly changing people's spending structure and adding uncertainty to the central bank's monetary policy.