A spokesperson for research firm Teikoku Databank Ltd, reporting the results of a price survey of 195 major food makers in Japan.
© Jiji PressVoices
in
Japan
quote of the day
Prices have been raised or are set to be raised for 10,086 food and beverage products in Japan this year, with the cumulative annual total topping 10,000 for the third consecutive year.
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divinda
And yet the government wants everyone to believe that the official inflation rate is somehow only about 2.5%.
https://japantoday.com/category/business/japan-inflation-ticks-up-in-may-to-2.5
MarkX
Add to that the falling yen, and I feel the real inflation rate is closer to 10%!
GBR48
Shouldn't you all be writing 'thank you' notes to the government for comprehensively beating Japan's greatest enemy, deflation.
Geeter Mckluskie
As the cost of gas rises, so does the cost to transport food to supermarkets
SDCA
Oh how I wish prices for EV olive oil come down. Praying that the droughts in Spain are no longer a problem and hope the crops will replenish soon.
robert maes
People can not enjoy life anymore. They have to calculate if they can afford things and many can’t.
Teikoku is a cheap organisation asking companies to deliver them data for free with cheap looking questionnaires while selling it on themselves
DanteKH
And this it what Yen collapse is bringing to Japanese local population:
Hyper inflation, price increase of everything including living expenses, bus most of all, sharp decrease in the quality of life.
"Is OK, as long as we don't travel outside Japan, we don't care." are saying those who do not care nor understand what a sharp depreciation of the local curency means.
smithinjapan
Come on, guys! Many of us got the biggest raise in the last 40 years -- a whopping 10 yen or so an hour, making it about ¥4000 or so extra a year... unless you work for a company that counts overtime. Surely that ¥4000 a year offsets any and all import and inflation costs, and we all know that if the yen and economy every recover, they will also lower the costs of all products again and increase the volume of products back to what it was before shrinkflation.
We should not be complaining, we should be out sacrificing for the nation by spending MORE when the economy is crappy.
lunatic
Japan excludes fresh food and energy prices when calculating the CPI. This makes the official inflation rate less meaningful.
lunatic
If you check the news article we are referring to.
In the 2nd paragraph states that The Consumer Price Index (CPI) -- which excludes volatile fresh food prices --
https://japantoday.com/category/business/japan-inflation-ticks-up-in-may-to-2.5
kurisupisu
Food prices are largely linked to the price of oil which is increasing.
Government policies, in certain countries such as the US have led to price increases in fossil fuels well outside US borders also.
The religious like zeal for net zero in many countries is also pushing prices higher.
Price increases are without doubt, man made…