Inflation & Prices
Japan to See Most Price Hikes for Food Products in 18 Months
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Japanese food and beverage companies will raise prices on more than 4,000 products starting Tuesday to offset higher costs for everything from raw materials to labor, according to a survey by Teikoku Databank.
A total of 4,225 products will get price hikes, the most since October 2023, Teikoku said Monday based on a survey of 195 food and beverage firms. Among products to see price increases are processed foods such as sausage, seasonings and beverages including canned beer.