The average price increase of more than 3,000 commodities in Japan has reached 13% recently, and people are helpless
Local time on the 13th, the Japanese yen against the US dollar once fell below 135 yen per dollar, a new low in nearly 24 years. As the yen continues to depreciate and raw material prices soar, prices in Japan and China have risen across the board, with an average increase of 13 percent for more than 3,000 goods.
Financial Channel special correspondent Cho Lemeng: I am in a supermarket near Tokyo. According to the person in charge, there are more than 3,000 kinds of processed foods such as bread and sausage sold here, of which 40% have increased prices in June, such as ice cream, which has a large demand for summer consumption, almost all kinds of prices have risen, up to 15%. By July and August, there will be more than 1,000 kinds of food prices.
Japan, which relies on imports for most of its grain, is facing higher prices for imported malt as a result of rising global grain prices. Canned beer produced by a single Japanese brewery is set to rise in price by up to 13%.
In addition, as the price of Japanese flour is on the rise, the price of Japanese traditional summer food, "water noodle" is also on the rise this summer.
In addition, due to rising oil prices, the cost of making plastic containers for canned drinks has risen, and five major Japanese manufacturers have announced price increases for nearly 1,000 types of beverages.
Japan's major food companies have raised prices or will raise prices on more than 10,000 items this year, according to a new survey. Japan's consumer price index rose 2.5 percent in the year to April from a year earlier, the highest since December 1991 except for a hike in the consumer tax rate.