Japanese consumers will have seen price hikes on 30,009 food and beverage products by October as retailers pass on higher costs to protect their profits, according to a credit research company.
The total, including the hikes in coming months, already eclipses the 2022 total of 25,768 items, Teikoku Databank Ltd. said in its report in mid-July.
The company also maintained its forecast for the full year at around 35,000 items, saying October is expected to see the most price hikes.
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Read More: Japan to see price hikes on 35,000 food and drink items by end of 2023
