Over 3,000 Food Items to Rise in Japan in October, 20,000 Expected for Full Year
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According to a survey by Japan's Teikoku Databank, October 2024 will see 3,033 food products increase in price in Japan, including frozen foods, snacks (up 3-17%), and beverages (up 5-21%). The research firm forecasts that if current trends continue, approximately 20,000 food items will rise in price throughout the year. The price hikes are attributed to rising costs of raw materials, energy, and logistics. The report notes that Japan's previous major wave of food price increases occurred in 2023. The article was sourced from China's East Money News via Zhongxin Jingwei.
Source report
According to a recent survey by Japan's Teikoku Databank, 3,033 food products are set to rise in price in October in the Japanese market. The increases include:
- Frozen foods and snacks: 3% to 17% increase
- Beverages: 5% to 21% increase
The research firm predicts that, based on current trends, approximately 20,000 food products will see price increases across Japan throughout the year.
The company's analysis attributes the recent surge in food prices primarily to rising costs in raw materials, energy, and logistics.
Japan's previous major wave of large-scale food price increases occurred in 2023.
(Source: China-Singapore Jingwei)
Source
东方财富网-产经资讯Eastern