Reported 8 months ago
Japanese food prices have significantly increased, affecting consumers and businesses, with even octopus prices surpassing high-end ingredients like Wagyu beef. Factors such as global grain demand, rising energy costs, labor shortages, and the devaluation of the Japanese yen contribute to inflation. For Takoyaki businesses like Aizuya in Osaka, octopus procurement costs have risen by 10%, constituting 70-80% of their raw material costs. Rising prices may lead to further price hikes, as takoyaki vendors across Japan struggle to maintain the current price of 500 yen per serving.
Source: YAHOO