Japanese consumers face price hikes in October on around 2,900 food and drink items, the most for a month so far this year, mainly due to a continued increase in raw material costs, a credit research company said Monday.The 2,911 hikes reflect a growing number of firms passing on higher raw material costs to consumers and surpass the price hikes on 2,897 items in April, Teikoku Databank Ltd. said in its report.The company also cited rising logistic and labor costs and the weaker yen, which pushes up import prices, as behind the expected price hikes.Alcoholic beverages and other drinks accou…READ FULL ARTICLE
