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flag Japan faces its largest food price hike due to raw material, logistics, labor, and import cost increases.

flag In October 2024, Japan will see its largest food price hike, affecting around 2,900 products. flag This surge is driven by rising raw material costs, increased logistics and labor expenses, and a weak yen, which raises import prices. flag Alcoholic beverages and processed foods are notably impacted. flag Overall, 12,401 food items are expected to experience price increases in 2024, a significant reduction from 32,396 in 2023. flag Companies are likely to continue passing on these costs to consumers.

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