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Japan suffers price hikes of more than 2,400 products in August and another 6,000 in October

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TOKYO (Sputnik) – Japan will see price increases for 2,431 types of products in August, and another 6,000 in October, Teikoku Databank, the Japanese research center, said on Monday.

They estimate that October will see price increases on 6,000 items, the largest number on record. About 8,000 products will see price increases in his first seven months of 2022, between September and November, according to the study.

The total number of products affected by price increases reaches approximately 20,000 items, with an average price increase rate of 14%.

On the other hand, Teikoku Databank said that interest rate hikes to date have energy pricesFuture price hikes will be further aggravated by the depreciation of the yen, which has fallen to 140 yen to the dollar at one point, and the soaring import prices.



https://sputniknews.com/20220801/japan-to-suffer-from-price-hikes-of-over-2400-products-in-august-another-6000-in-october-1097990831.html Japan suffers price hikes of more than 2,400 products in August and another 6,000 in October

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