TOKYO, Feb. 3 (Xinhua) — The variety of meals objects topic to cost hikes this month has reached 1,656 in Japan, exceeding 1,000 objects for the second consecutive month, in response to a personal analysis agency.
A survey carried out by Teikoku Databank masking 195 main meals producers in Japan revealed that 1,656 meals objects will see value will increase in February, following an analogous development in January.
By class, processed meals similar to frozen meals and chilled noodles account for the biggest portion at 589 objects, adopted by seasonings similar to barbecue sauce at 357 objects and confectionery together with jelly, cereal merchandise, and chocolate at 329 objects.
The survey attributes the value will increase to the continued depreciation of the yen, which has raised import procurement prices, together with rising labor and logistics bills.
If the present tempo continues, the full variety of value will increase in 2025 may attain between 15,000 and 20,000 objects, considerably surpassing the 12,500 objects affected final 12 months.
Teikoku Databank warns that with rice costs persevering with to soar, associated meals merchandise are additionally anticipated to see value hikes, and important value will increase will seemingly proceed no less than till summer time.