Nissin Foods has announced that the price of raw ingredients used to make many of its manufactured food products has risen due to the weaker yen, and that as a result, the company will increase the price of some of its main lines such as Cup Noodles, Samurai-Don and Chicken Ramen, from January.
In all, Nissin said it will hike prices for 250 items.
The price of a regular size of Cup Noodles will go up by 10 yen, while the price for bagged noodles and larger sized noodle products will increase by 5 to 8%.
Nissin said this will be the first price rise in seven years. A company spokesperson said, "The cost of the raw materials used to make our instant noodles and the packaging we ship them in has increased, and with the weaker yen, we are in a position in which we are unable to absorb the resulting costs to our company, and must therefore slightly increase the cost to our customers."© Japan Today