Japanese experts predict a rise in food prices in the country
Tokyo, 11 February 2023, 08:21 — REGNUM In Japan, prices for a large number of food products are expected to rise, the Kyodo Tsushin agency reported on February 11.
Prices are expected to rise by a total of 12,054 food items in 2023. The overall increase in food prices will be about 16% per year.
Experts believe that the trend to shift the increased cost of electricity, logistics and other costs to consumers will continue.
Prices for a wide range of commodities have risen since last summer as rising oil prices pushed up logistics costs. Rising electricity and gas bills are expected to push prices higher.
Read earlier in this story: Price rise in the capital of Japan reached the highest level in 42 years