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.
