More than 1,000 meals merchandise in Japan set for September value hikes

Prices for a complete of 1,392 merchandise from 195 main Japanese meals producers will go up in September, a survey by analysis agency Teikoku Databank confirmed Friday.

While the variety of merchandise with value will increase is down 35.2% from a yr earlier, that is the primary time it has exceeded 1,000 since April.

Despite persistent stress to boost costs amid rising uncooked materials prices and the yen’s weak spot, corporations are discovering it tough to take action because of issues about its affect on consumption, Teikoku Databank mentioned.

Among the businesses surveyed, Nissui will improve the costs for 37 of its frozen meals merchandise by 2% to 11%. Nichirei Foods, Maruha Nichiro and Nissin Frozen Foods will elevate the costs for its ready-made meal, pasta and different merchandise.

Ajinomoto AGF will hike costs for 116 of its coffee merchandise whereas Nestle Japan and UCC Ueshima Coffee will make related strikes for his or her bottled coffee merchandise.

Among ice cream merchandise, Meiji’s Essel Super Cup and Morinaga & Co.’s Choco Monaka Jumbo will see value will increase subsequent month.