Nissin to Raise Instant Noodle Prices

Economy

Tokyo, Feb. 5 (Jiji Press)--Nissin Food Products Co. said Tuesday that it will raise the prices of 160 items including its mainstay Cup Noodles and other instant food products by 4-8 pct, starting from June 1 shipments.

The price hikes reflect higher labor, materials and logistics costs, according to the unit of Nissin Foods Holdings Co. <2897>.

It will be the first time for Nissin to raise prices since January 2015.

The price of the regular-size Cup Noodles products will rise to 208 yen from 194 yen including tax and that of the Chicken Ramen instant noodles to 599 yen from 567 yen for five packs.

END

[Copyright The Jiji Press, Ltd.]

Jiji Press