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Statistics Japan reported that July 2018 consumer inflation rose to 0.9% year on year, up from 0.7% in June and above a 0.4% consensus. The gain was driven mainly by food prices, which rose 1.4%, including cereals, dairy, and meat.
Higher Japanese food inflation signals firmer domestic food demand, but the effect on feed buyers is limited. The data point does not change global feed grain supply or prices.
tradingeconomics.comStatistics Japan, RidaAug 24, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
