Below is a list of some retail and wholesale prices that have risen recently:
– Retail prices of imported beef in Tokyo rose 7.2% in September from a year earlier, data from the Agriculture & Livestock Industries Corporation (ALIC) showed, while those of Australian sirloin and brisket respectively rose 13% and 35% in August.
– The wholesale price of a kilogram of frozen U.S. short plate beef shot up 83.4% year-on-year in August, while wholesale prices of other types of U.S. frozen and chilled beef were also up across the board.
– Matsuya Foods last month hiked prices of regular beef bowls for the first time since April 2018 at 30% of locations by at least 18.7%, to 380 yen ($3.35). At the remaining 70% of its stores, including those in Tokyo, the company started selling regular beef bowls for 380 yen instead of “premium” ones, which were also sold for that price.
– Beverage maker Ajinomoto AGF Inc increased prices of 40 coffee products by about 20% from October, its first price hike on coffee for home use since April 2011.
– UCC Ueshima Coffee raised prices of regular coffee products by about 20% from September, the first increase since 2014.
– Dairy producer Meiji hiked prices of nine margarines by between 4.3% and 12.8% from October, the first such hikes since September 2008.
– Another dairy producer, Megmilk Snow Brand, raised prices of 10 margarines and a butter product between 3.4% and 12.2% from October, the first increases since August 2008.
– The price in Japan of imported corn for feeding livestock surged 91.9% year-on-year in August, while imported barley and wheat gained about 40%, ALIC data showed.
($1 = 113.3300 yen)
Source: Economy - investing.com
