Japan faces ‘summer of price hikes’ ...News

Russia Today - Economy
Japan faces ‘summer of price hikes’
source : Russia Today ( News ) () 35
Consumers will be hit with higher costs for thousands of food and drink items Major producers of food and beverages in Japan are planning to raise prices for 3,615 items from June, while the total number of items that are expected to see price hikes will total some 8,400 this year, according to a poll carried out by Teikoku Databank. “This summer looks to be a summer of price hikes,” the credit research firm said earlier in May. As a result, over 80% of the items set for price jumps from June onward will see the change take effect that month or in July. The 105 food and beverage manufacturers that were surveyed ha

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