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

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

September 30, 2024
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