Household budgets in Japan are being squeezed. A private survey shows price hikes affecting about 6,100 food and beverage items in the first half of this year.
The survey, conducted this month by research firm Teikoku Databank, shows that 54 companies raised or plan to raise prices from January to July.
That's more than half of the 105 businesses approached. Prices are going up by an average of 11 percent.
The processed foods category is most widely affected. About 2,900 items, including cup noodles, ham, and frozen products, are being marked up by 12 percent on average.
The spike in crude oil prices is raising packaging costs. That's compounding the impact of more expensive wheat and raw materials.
A poor harvest for rapeseed used in cooking oil is driving up prices for 1,300 dressings and other seasonings by an average of 9 percent. The crop is also in demand for biofuel.
The survey, conducted this month by research firm Teikoku Databank, shows that 54 companies raised or plan to raise prices from January to July.
That's more than half of the 105 businesses approached. Prices are going up by an average of 11 percent.
The processed foods category is most widely affected. About 2,900 items, including cup noodles, ham, and frozen products, are being marked up by 12 percent on average.
The spike in crude oil prices is raising packaging costs. That's compounding the impact of more expensive wheat and raw materials.
A poor harvest for rapeseed used in cooking oil is driving up prices for 1,300 dressings and other seasonings by an average of 9 percent. The crop is also in demand for biofuel.
◆ conduct実施する 行う
◆ mark up ～の価格を上げる
◆ spike 急激な上昇
◆ crude 原油
◆ compound （事態を）悪化させる
◆ rapeseed 菜種