Tokyo, Japan – Japanese consumers are bracing for another wave of rising food prices, with 282 products set to become more expensive this month. This latest surge in costs comes as the nation continues to grapple with global inflationary pressures and a weakening yen.
A variety of food items, ranging from processed foods to fresh produce, will be affected by the price increases. Major food manufacturers, including Nissin Foods and Ajinomoto, have announced plans to adjust their pricing to offset rising raw material costs and transportation expenses.
The impact of these price hikes is expected to be felt across households, particularly those with lower incomes. As the cost of living continues to climb, many Japanese consumers are concerned about the strain on their budgets.
The government has acknowledged the challenges posed by inflation and has implemented measures to mitigate its impact. However, with global economic uncertainties persisting, the outlook for food prices remains uncertain.
Newsource: https://www.japantimes.co.jp/business/2024/11/01/economy/november-price-hikes-food/
