Japan's Food Inflation to Intensify in July, Survey Shows
Japanese households will get no respite from rising living costs with a five-fold increase expected in the number of food items set to experience price rises in July, a private think tank survey showed on Monday.
The finding highlights mounting inflationary pressure in Japan's once deflation-prone economy, which some policymakers view as an early sign of widespread, sustained price rises that may require raising interest rates further.
A survey conducted on 195 major food makers showed they expect to hike prices for 2,105 items in July - up fivefold from year-before levels - by an average 15%, Teikoku Databank said...
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