Prices set to rise in Japan for over 7,000 food items on cost hike

Food prices will continue to surge in Japan in the first four months of 2023, with those of more than 7,000 items set to climb on the back of rising logistics and personnel, as well as high material costs, according to a recent survey by a credit research company.Prices for a total of 7,152 items are expected to climb from January to April, and be priced 18 percent higher on average from the current level, up from the 14 percent gain from last year to this year, according to Teikoku Databank Ltd. data released Wednesday.The pace of the increases will be 1.5 times higher than that for the sa…READ FULL ARTICLE