https://sputnikglobe.com/20220801/japan-to-suffer-from-price-hikes-of-over-2400-products-in-august-another-6000-in-october-1097990831.html
Japan to Suffer Price Hikes Affecting Over 2,400 Products in August, Another 6,000 in October
Japan to Suffer Price Hikes Affecting Over 2,400 Products in August, Another 6,000 in October
Sputnik International
TOKYO (Sputnik) - The prices of 2,431 types of products are expected to rise in Japan in August, with another 6,000 in October, Japanese research center... 01.08.2022, Sputnik International
2022-08-01T06:13+0000
2022-08-01T06:13+0000
2022-08-01T06:20+0000
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According to their estimates, October will see price hikes for 6,000 types of commodities, the biggest number on record. Some 8,000 product items are slated to go up 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%.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".
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japan, price hikes
Japan to Suffer Price Hikes Affecting Over 2,400 Products in August, Another 6,000 in October
06:13 GMT 01.08.2022 (Updated: 06:20 GMT 01.08.2022) TOKYO (Sputnik) - The prices of 2,431 types of products are expected to rise in Japan in August, with another 6,000 in October, Japanese research center Teikoku Databank said on Monday.
According to their estimates, October will see price hikes for 6,000 types of commodities, the biggest number on record. Some 8,000 product items are slated to go up 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%.
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".
