Tokyo, Oct. 31 (Jiji Press)–Prices of 143 products from 195 major food and beverage makers in Japan are set to rise in November, down 58.4 pct from a year earlier and marking the first decline in 11 months, Teikoku Databank Ltd. said Friday. By category, confectionery items such as chocolate and cookies topped the list, with 49 items, the research firm said. Shipment prices will increase about 5-15 pct for 16 Fujiya Co. products, including Milky Chocolate Bag. Prices of 46 processed food items will go up. Hagoromo Foods Corp. and Marumiya Corp. will raise the prices of retort pouch and other products. According to Teikoku Databank, the total number of items for which prices have been raised this year stood at 20,580 as of the end of October. Regarding the trend for next year and later, a Teikoku Databank official said that “there’s a possibility sustained price hikes will continue” due to increases in labor costs reflecting wage hikes. END [Copyright The Jiji Press, Ltd.]
Prices of 143 Food Items to Rise in Japan in Nov.
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