Second wave of food price hikes set to hit Japan in February
Japanese households are set to see a 2nd wave of selling price hikes in February, with costs established to increase for four,283 food items merchandise, Teikoku Databank mentioned Thursday.
Above the 1st 4 months of 2023, costs will maximize for seven,390 items, up some sixty% from a year before, in accordance to the credit history investigation company’s survey carried out at the stop of 2022, which included one zero five big meals-makers.
Value hikes for processed meals items, this kind of as frozen foods and fish paste solutions, accounted for 50% of the overall. The share stood at 20% each individual for beverages, like alcohol, and for seasoning items.
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