Factbox: Global inflation drives prices of Japan's consumer favourites up
14/10/2021 02:00
TOKYO, Oct 14 (Reuters) - Surging global commodity prices
have driven up the costs of consumer items in Japan such as
bowls of rice topped with beef to bread and butter, the first
hikes in many years for such products. urn:newsml:reuters.com:*:nL4N2R314T
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 9887.T 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 2270.T ,
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)
(Reporting by Daniel Leussink; Editing by Sam Holmes)
((daniel.leussink@thomsonreuters.com; Twitter:
@danielleussink;))