Economy More inflationary pressure on Japanese consumers in new fiscal year

Consumers are already bearing the brunt of inflation that has hit a four-decade high above 4 per cent, even though the outcome of annual wage negotiations between labour unions and management for the new fiscal year will likely deliver the largest salary increases in three decades. [...] The spread of the avian flu is exacerbating the pain, sending the prices of eggs and products made with them, like mayonnaise, higher. Condiment makers Kewpie Corp. and Ajinomoto Co. are going ahead with their fourth price hike since July 2021. Kewpie's 450-gram mayonnaise will be sold at 520 yen, nearly a 10 per cent increase on the most recent hike. Other food items like cheese, yoghurt, ham and sausages will see their prices rise by around 30 per cent. The price of soy sauce, a daily necessity for many Japanese households, will be some 10 per cent higher.

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Six major train operators in the Kansai region centring on Osaka, western Japan, are increasing fares in line with those in the Tokyo metropolitan area. They include Osaka Metro Co., which operates subways in Osaka and nearby areas, along with Hankyu Corp., which links Osaka with Kobe and Kyoto. Passengers will have to pay more for reserved seats on some shinkansen bullet trains running between Osaka and Fukuoka. After the COVID-19 pandemic boosted demand for courier and delivery services and deepened labour shortages, Yamato Transport Co. and Sagawa Express Co. are raising fees by around 10 per cent.

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musicisgood said:

Have you checked the price of cheese it's actually gone up 100% within the last 60 days.
Anyway there's nothing we can do about it just eat less and buy quality food.
And if you can try to grow a garden I grow garlic and potatoes right now and maybe I'll start planning tomatoes when the season comes and the pumpkin.
But seriously life is so tough man.

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