The prices of several food items will increase in July and August, some for the first time in decades.
Lotte said the prices of eight chocolate products, including its best-selling Ghana Milk brand, will be hiked by an average 10% from July 14, Sankei Shimbun reported. It has been 41 years since the chocolate brand price went up.
Morinaga and Meiji also announced they will hike their chocolate prices.
Yamazaki Baking and Pasco are increasing pastry and bread prices on July 1. The last increase was two years ago. Takano Foods is also raising the price of natto by more than 20% starting from July.
Kagome and Bull-Dog Sauce will increase the price of their sauce products starting from August after 25 years of stable prices.
Food manufacturers say the weaker yen has raised the cost of importing raw materials such as wheat flour. Packaging materials have also become more expensive. Many makers also say their cost-reduction efforts have reached their limits, leaving them no option but to hike prices.© Japan Today