Over 10,000 food items in Japan to see price hike in 2022: survey

Economy

Over 10,000 food items in Japan will experience price increases of an average 13 percent this year as a result of rising materials costs and the yen's rapid depreciation, a survey by a credit research firm showed Wednesday. The Teikoku Databank Ltd. survey found that 105 major food manufacturers had raised prices on 6,285 products by June, with price hikes planned for an additional 4,504 products from July onward. A growing number of Japanese companies are selling products at higher prices as the coronavirus pandemic and Russia's ongoing invasion of Ukraine have caused the cost of everything f...

Kyodo News

Kyodo News