TOKYO, July 12 (Xinhua) — Credit analysis firm Teikoku Databank launched a survey on Wednesday that over 30,000 meals and beverage gadgets are topic to cost will increase in Japan this 12 months as companies proceed to go on their increased uncooked materials prices to shoppers.
The survey confirmed that 195 meals and beverage makers have introduced plans to lift costs for 30,009 gadgets this 12 months as of Wednesday, up from 29,106 gadgets as of the top of June.
Prices for about 20,000 gadgets had already been raised within the first six months of this 12 months, with worth hikes for some 10,000 gadgets being deliberate within the second half, together with 3,716 gadgets in October, when the quantity might swell to round 8,000 to hit a peak of this 12 months, in response to the survey.
The firm mentioned that customers are dealing with “an unprecedented rush of price hikes” in 2023, noting that costs for round 35,000 meals and beverage gadgets might rise, up by greater than 10,000 from the earlier 12 months.