Factbox: World inflation pushes up the costs of Japanese customers’ favorites

TOKYO, Oct. 14 (Reuters) – Hovering international commodity costs have pushed up the prices of client items in Japan, equivalent to rice bowls topped with beef in bread and butter, the primary will increase in a few years for these merchandise. Learn extra

Beneath is a listing of some retail and wholesale costs which have not too long ago elevated:

– Retail costs for imported beef in Tokyo rose 7.2% in September from a yr earlier, based on information from the Agriculture & Livestock Industries Company (ALIC), whereas these for sirloin and Australian breasts rose 13% and 35% respectively in August.

– The wholesale worth of a kilogram of frozen U.S. beef elevated 83.4 % year-on-year in August, whereas wholesale costs of different sorts of frozen and chilled U.S. beef have been additionally up throughout the board.

– Matsuya Meals (9887.T) final month raised costs for normal beef bowls for the primary time since April 2018 in 30% of places by no less than 18.7%, to 380 yen ($ 3.35) . Within the remaining 70% of its shops, together with these in Tokyo, the corporate began promoting common beef bowls for 380 yen as a substitute of “premium” bowls, which have been additionally offered at that worth.

– Beverage maker Ajinomoto AGF Inc raised the costs of 40 espresso merchandise by about 20% from October, its first worth hike for house espresso since April 2011.

– UCC Ueshima Espresso elevated costs for normal espresso merchandise by about 20% from September, the primary improve since 2014.

– Dairy farmer Meiji elevated the costs of 9 margarines by 4.3% to 12.8% from October, the primary of such will increase since September 2008.

– One other dairy farmer, Megmilk Snow Model (2270.T), raised the costs of 10 margarines and a butter product between 3.4% and 12.2% from October, the primary will increase since August 2008.

– The value in Japan of imported corn for animal feed jumped 91.9% year-on-year in August, whereas imported barley and wheat rose about 40%, based on information from the ALIC.

($ 1 = 113.3300 yen)

Reporting by Daniel Leussink; Enhancing by Sam Holmes

Our requirements: Thomson Reuters Belief Rules.

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