Photo taken yesterday (2025-02-08) at a supermarket in Kyoto, Japan.
Alt text: A picture of the eggs section in a Japanese supermarket. There’s a 10-pack of eggs going for 215 Japanese Yen, which is about 1.42 US dollars.
Photo taken yesterday (2025-02-08) at a supermarket in Kyoto, Japan.
Alt text: A picture of the eggs section in a Japanese supermarket. There’s a 10-pack of eggs going for 215 Japanese Yen, which is about 1.42 US dollars.
Japan was largely allergic to price increases, especially as wages remained largely stagnant. Corona began to see some things slide and Russia also had an impact that, coupled with a yen weakening compared to the dollar, basically opened the floodgates on price increases. It’s in the news basically every week now. Rice is double what it was a few years ago.
I remember that one company apologizing for a ten yen price increase on ice cream.