Is that popular item also facing a stealth price hike?
Source: Nikkei MJ 20th Dec 2023.
Fujiya has announced a price increase for some confectionery products starting April 1, 2024. The price hike ranges from approximately 5% to 12%, attributed to the rising costs of raw materials and packaging. Fifteen items are affected, with 11 undergoing a “substantial price increase” by maintaining the price while reducing the quantity. For instance, “Anpanman Gummy” and “Anpanman Pero Pero Choco” will see an increase of about 10-12%. Additionally, “Milky Bag” will reduce its content from 108 grams to 100 grams, and “Country Ma’am (Vanilla & Cocoa)” will decrease to 18 pieces, both effective from April 1 and April 9, 2024, respectively.