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Microprocessors & Hardware · 29/10/2026 02:03 UTC

Japan girds for new wave of food price hikes as tanker rates soar

Consumer prices could rise next year, erasing Takaichi's consumption tax cut Prices rose for 4,965 food and beverage items in September, more than triple the number from a year earlier.

Consumer prices could rise next year, erasing Takaichi's consumption tax cut Prices rose for 4,965 food and beverage items in September, more than triple the number from a year earlier. (Nikkei montage) TOKYO -- Japan could be in for a second wave of surging food prices as the continuing Middle East turmoil drives up prices for naphtha-derived container feedstocks and freight rates for crude oil tankers.

Source: Nikkei Asia Tech

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