Starting today (October 1), Japan will see the largest wave of food price increases this year, and the types of food involved are expected to exceed 6,500. Many consumers are busy stocking up before the price increases.
Financial Channel Special Correspondent Liu Yaohong: In a supermarket in Yokohama, Japan, there is a row of text prompts hanging in a very conspicuous location, which says: The four major Japanese brewers will raise the prices of beer and other alcohol, totaling more than 750 products, and remind consumers to purchase as soon as possible before the price increases. According to the supermarket manager, many consumers have recently purchased whole boxes, even two or three boxes at a time. In fact, this is the first time that Japan's four major brewers have increased their beer prices in the past 14 years, except for the increase in consumption tax rates, and the increase is generally around 10%.
In addition to beer, sales of edible oils, seasonings, milk powder and snacks have also increased significantly in recent years. Many consumers are buying more before the price increases. According to Japanese media reports, some consumers buy snacks at one time, even more than 1,200 yuan. The latest survey shows that in October, Japan will usher in the largest wave of food price increases this year, with more than 6,500 types of price increases.
not only increases food prices, but also increases in prices of many home appliances due to rising prices of raw materials and parts. Among them, Panasonic will raise the prices of more than 100 kinds of goods including vacuum cleaners and batteries. In fact, this is not the first time Panasonic has adjusted its price recently. In August and September this year, the company has raised the prices of various products such as refrigerators and dishwashers, with the largest increase of 45%.
The rise in raw materials and the depreciation of the yen are constantly pushing up domestic prices in Japan. As of August, Japan's core CPI has risen for 12 consecutive months, with August rising 2.8% year-on-year, the highest level since October 2014. A public opinion survey on Japanese consumers showed that rising prices will increase Japanese household spending on average by about RMB 8,600.
Source: CCTV Finance
