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Economy

Japan braces for further consumer price hikes starting June 1

From mayonnaise to gas, 8,000 items to cost more in 2022 amid stagnant wages

Japanese consumers will be grappling with higher prices for food and utilities from June 1. (Photo by Jun Takai)

TOKYO -- Food prices are rising steadily in Japan, reflecting higher materials costs. While edible oil and mayonnaise prices have increased more than 10% since early 2021, the cost of instant noodles, ice cream, seasonings and other foodstuffs will continue their steady rise starting June 1.

Retail price hikes are slower than in the U.S. and Europe, but consumer appetite for spending may weaken if prices continue to rise while wages stagnate.

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