AI Data Insight
Japan's average household food expenditure reached 99,824 yen in May 2026, a significant increase of about 8.4% from the previous month, and outperformed the same period last year. Although overall household consumption has declined for six consecutive months, food expenditure has rebounded strongly driven by wage growth and inflation. Moving forward, close attention must be paid to the tug-of-war between imported inflation triggered by yen depreciation and real wage growth.