Focus

Price hikes of over 2,400 products in August, another 6,000 in October: Japan

01 Aug 2022 03:46pm
Japan: Price hikes of over 2,400 products in August and another 6,000 in October - 123RF Photos
Japan: Price hikes of over 2,400 products in August and another 6,000 in October - 123RF Photos
TOKYO - The prices of 2,431 types of products are expected to increase in Japan in August with another 6,000 in October, reported Sputnik, quoting Japanese research centre Teikoku Databank on Monday.

According to its estimates, October will see price hikes for 6,000 types of commodities, the biggest number on record. Some 8,000 product items are also slated to increase in price between September and November, as many as in the first seven months of 2022, the research revealed.

The total number of products that will suffer from price increases will amount to around 20,000 items, with the average price growth of 14 per cent. While Teikoku Databank attributed prior hikes to surging grain and energy prices, the upcoming increase will be "further compounded by the tumbling yen, which at one point dipped to the rate of 140 yen per US dollar, and by soaring import prices." - BERNAMA
Related Articles:
japan
price hike
More Like This
People walk past posters campaigning for Democratic presidential nominee, US Vice President Kamala Harris are seen on a wall along twelfth street on November 04, 2024 in Philadelphia, Pennsylvania. - File photo by AFP
People walk past posters campaigning for Democratic presidential nominee, US Vice President Kamala Harris are seen on a wall along twelfth street on November 04, 2024 in Philadelphia, Pennsylvania. - File photo by AFP
World Harris needed Hawaii vacation after losing presidential election - White House
Harris arrived in Hawaii on Tuesday with her husband Doug Emhoff for about a weeklong stay, media reported.
Britain's King Charles III. Photo by Thibaud Moritz/AFP
Britain's King Charles III. Photo by Thibaud Moritz/AFP
World King Charles' coronation cost £72 million, government accounts show
Charles was crowned at Westminster Abbey in a ceremony attended by dignitaries from around the world.
Photo for illustrative purposes only - Canva
Photo for illustrative purposes only - Canva
World One dead, one injured in Australian helicopter crash
The two men were travelling in an US-registered Super Puma helicopter when it crashed shortly before midday.
Photo for illustration purposes only.
Photo for illustration purposes only.
World Singapore hangs third drug trafficker in a week
The hanging at Changi prison followed the Nov 15 execution of two men -- a 39-year-old Malaysian and a 53-year-old Singaporean -- also for drug trafficking.