Recently, because of rising prices and rising inflation, many Japanese food companies, including Riqing Food, which was the first to invent instant noodles and are well known by many people, have also announced price increases for their main commodities.
Instant noodles are one of the foods that many Japanese people often buy, but just recently, Japan's well-known instant noodle manufacturer, Riqing Foods, announced that it would raise the price of about 180 kinds of instant noodles after three years, by as much as 12%.
Like a 75-gram barrel of instant noodles, the price will be raised to 214 yen (about 12 yuan). Because of the invention of the world's first instant noodles, Riqing is also known as the "ancestor" of instant noodles, and Japanese consumers pay great attention to every price change. This large-scale price increase is mainly due to the rise in the price of wheat flour and the increase in international logistics costs, resulting in a significant increase in production costs.
There is also an old Japanese traditional snack called "delicious stick" that has to be raised because of rising costs. It is also known as Japan's "national snack" because it tastes crisp and can be bought for as little as 10 yen.
However, affected by the rising prices of corn and vegetable oil produced in the United States, "delicious sticks" are also under pressure, raising prices for the first time in 42 years, from 10 yen to 12 yen each, an increase of 20%.
In addition, affected by the rise in imported raw materials, Xueyin, a well-known Japanese dairy company, recently announced that it would raise the prices of nearly 40 commodities, including cheese, with a maximum increase of 20%.
Coca-Cola Company's Japanese subsidiary also announced that it would raise the shipping price of more than 1.5 liters of drinks by up to 8 per cent. Not only food, but also notebook computers and white goods in Japan have begun to show an upward trend under the influence of the tension in the global supply chain.
The latest figures show that the average retail price of regular gasoline in Japan has risen for five consecutive weeks, reaching 171 yen (9.4 yuan) per liter. Although the Japanese government has launched measures to curb the rise in fuel prices since the end of last month, the subsidy for regular gasoline has now risen to 5 yen per liter, but the effect is not obvious.
Will a wide range of price increases push Japan from a long-term deflation or low inflation to a high inflation track? This issue also continues to receive attention.
Edit / Phoebe