Japan's inflation makes octopus costlier than wagyu beef

Higher food prices squeeze consumers and businesses alike

20240610N takoyaki

The surging price of octopus has dealt a blow to sellers of takoyaki octopus dumplings in Japan. (Photo by Toshiki Sasazu)

HISASHI TSUTSUI, Nikkei staff writer

June 16, 2024 14:39 JST

TOKYO -- At an Inageya grocery store in Tokyo, a shopper reaches for a discounted 10-pack of eggs.

"If I don't buy things on sale, our finances will be tight," says the 64-year-old woman, who works part time.

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