Rice prices doubled last month in Japan as core inflation accelerated, official data showed Friday, posing a threat to Prime Minister Shigeru Ishiba ahead of July elections. The vote for parliament's upper house, due next month, is crucial for Ishiba after public support for his government tumbled to its lowest…

cross-posted from: https://lemmy.zip/post/41844109

In May, Japan’s core inflation rate, which excludes volatile fresh food prices, hit 3.7 percent – its highest level since January 2023 – interior ministry data showed.

  • Imacat@lemmy.dbzer0.comEnglish
    31·
    3 days ago

    Japanese rice prices are a weird combination of inflation, panic buying, inefficient farming, and a bureaucracy managing it all that actively wants rice to be more expensive. This video has a really good explanation of it.

    https://youtu.be/l4vTQV3HjKU