Research firm Teikoku Databank recently highlighted that the prices for more than 2,000 food and drink products are set to increase during March. By category, 1,381 processed foods such as frozen items are likely to see the biggest hikes.
Companies stress that the price rises are due to the higher cost of imported ingredients and the state of the currency. The Yen’s prolonged depreciation has pushed up the prices for imported foodstuff and domestic materials such as rice and fresh produce are also becoming costlier.
Other factors such as higher costs for plastic containers, logistics and labour are also compounding the issue. Teikoku Databank expects the annual total to reach around 20,000 items, compared to the 12,520 items recorded in 2024.
