Japan-based snack company, Calbee, has announced plans to gradually increase the prices on 75 of their products. The decision stems from the rising costs of raw materials and shipping due to the ongoing global issues. The specific products affected and the timeline for these price hikes are yet to be revealed.
In Japan, changes in the prices of daily commodities, especially those of popular consumer goods firms like Calbee, often directly impact households. Therefore, such price hike announcements are taken seriously. In Japan, the rising cost of raw materials and other logistic costs are social issues, and any increase gets wide coverage for its broader impact on the country's economy, affecting the common Japanese households.
In the US and the EU, price changes in popular consumer goods also create buzz and impact the economy. Companies usually absorb the rising costs, but due to unprecedented global events, they are forced to pass it onto consumers, similar to Calbee's decision in Japan.