The number of food and beverage items that will face price hikes in 2025 is projected to surpass 20,000 for the first time in two years, mainly due to high material and logistics costs, a credit research firm said Monday.
In July alone, 195 major food makers are planning price hikes for 2,105 items, such as seasoning and snacks, about a fivefold jump from a year earlier, according to a survey by Teikoku Databank Ltd.
Price hikes through November that have already been announced involve 18,697 items, with the company saying that the trend of rising prices of food and beverages is likely to continue "for the time being."
By category, seasoning, including broth and curry roux, will be mostly affected, with 6,108 items to see higher prices, followed by beverages including beers and soft drinks at 4,483 items and processed food including frozen meals and packaged precooked rice at 4,138.
In addition to a surge in raw material costs, the company said high utility costs and increasing personnel expenses due to labor shortage are also driving the price hikes.
Since crude oil prices have recently fluctuated amid tensions in the Middle East, the credit research firm said, "We need to keep an eye on price hikes derived from energy."
The number of food items that saw price hikes totaled 32,396 items in 2023 but dropped to 12,520 in 2024, according to the company.
© KYODO
23 Comments
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MarkX
What a joke! Oil prices have been way down and held steady for almost 8 months, and slightly fluctuated for a couple of days when the bombing of Iran took place. But anything as an excuse to screw the consumer, who just takes it and doesn't complain.
Oh look it is July 1st here is another list of stuff going up, even though most prices are stable. What can we blame this time, oh let's say ...... fill in the excuse for this month.
YankeeX
Paying more for less.
sakurasuki
First is stating the obvious, second is already getting increase and increase starting from around pandemic period.
bo
The new normal is here , the rich get richer ,fact and the not so rich become worse off ,fact .
tora
The price rises are much more than you might realize since shrinkflation is not factored in. You get the price rise AND less of it.
Case in point is potato chip. Soon we will be paying more for just a single chip in the same sized bag pumped full of air. The chip will rattle against the walls of the bag when you shake it.
Aly Rustom
cut the income and sales tax so that people can still live.
ifd66
What a depressing picture - shelves packed full of ultra processed 'food'.
We are in full gear this year with our home produce.
More people should consider growing their own food, for better food security and health.
KansaimagicYoutube
Might have to cut down on my beer consumption. . . No, we won't be doing that.
Bret T
I know people on JT may dislike me because I represent the conservative point of view. But I really hate to read the facts of this story. I don't want the Japanese people to have poor quality of life.
wallace
We stopped buying beer, wine, and sake three years ago. Mostly for our health. It also saves us about ¥200,000 pa.
There should be no sales tax on food.
Garlic eater
This sounds ideal. If people cut back on salt, alcohol, and empty carbs maybe the government health expenditure will go down as well.
grund
Different sales taxes for different things would be a good idea. Lower tax for food, higher for other less essential items.
spinningplates
Welp...so much for plan 'A'-change where we shop.
Now we'll just have to go to plan 'B'-stop shopping.
grc
Reading these comments one would think Japan is the only country with price rises. And anyway, giving the number of items going up is pretty useless if you don’t know the percentage by which they’re doing so.
WhatsAllThisThen
@grund
Food should never be taxed. It's a tax on the poor. And just downright evil.
Shrinkflation: The bag of assorted nuts I usually get from the conbini was recently reduced in weightt from 77g to 70g -- no price change.
Hervé L'Eisa
The fault lies squarely with the J-govt myopic policies. Of course, the political class aren't affected since they live off the fat of the taxes.
Sam Watters
Unfortunately, that will never happen as Japan’s political love off of our taxes. We tax payers are chickens on a free range tax farm and nothing more to these people.
kohakuebisu
Keep your eyes open for bargains. Costco, Kuradashi, time sales on Amazon, etc.
The booze service on Rakuten is 500 yen off the first time you buy a crate, so last week I got 24 Premier Malts.
DanteKH
Funny. Nobody în Japan comoins about this, just the usual shoganai all around.
In Europe it would have been massive protests over the constând degradation of the quality of life, lower salaries, high taxes, etc.
Japan? Shoganai.
kohakuebisu
Aside from the obvious fact that most people in Japan live in a city, the story is not about food security or health. It is about the cost. The above comment lists other benefits and notably does not say "grow food - you'll save money!" Not many people do. They eat better for sure, but the money they'll save will be spent on gardening stuff. Plants, seeds, tools, machines, compost etc.
The big takeaway from one of the biggest TV sensations in the past five years, Clarkson's Farm, is that people growing food with very capable assistants and knowledgeable farm accountants do not make money. Beginners on a veggie patch are unlikely to save a fortune growing their own either.
Aly Rustom
Very true Sam.
Aly Rustom
Hear! Hear!
>
Jim kirk
So how many times companies will raise the price, families and single parents will not be able to afford it if prices keep going up.