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Survey: More price hikes for food, beverages in Japan NHK

A private survey shows Japanese consumers will face further price hikes for food and beverages.

Credit research firm Teikoku Databank polled 105 major domestic manufacturers.

The results showed that, as of the end of June, about 70 percent of the firms had raised or plan to raise their prices in the course of this year.

More than 15,000 items are or will be affected, with the average increase of 13 percent.

The research firm says there are moves to further raise prices that have already gone up, partly due to the yen's sharp decline.

It says such moves will likely grow and projects that the number of items with higher price tags will eventually exceed 20,000.
Summary
Japanese consumers are expected to encounter additional food and beverage price increases. According to Teikoku Databank's survey of 105 domestic manufacturers, about 70% have already increased or plan to increase prices this year. The changes will affect over 15,000 items with an average rise of
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ID: 62c580b6-2184-4579-9c4b-7cf3c0a80b98

Category ID: nhk

URL: https://www3.nhk.or.jp/nhkworld/en/news/20220706_26/

Date: July 6, 2022

Created: 2022/07/06 21:31

Updated: 2025/12/09 15:10

Last Read: 2022/07/06 21:31