Japan's Ministry of Internal Affairs and Communications announced on the 21st of September consumer price index, in addition to fresh food, was up 3% year-on-year.

And the retail price of food rose 4% compared to the same period last year, hitting a new high in 41 years and one month.

The high retail prices of food will further undermine the purchasing power of consumers, the Japanese people are afraid that this winter is very difficult to survive.

Due to high energy prices, and the depreciation of the yen, Japan's ninety percent price of goods appeared to increase. At present, the price of goods mainly to food. The largest increase for cooking oil, up 23%, and pasta rose 17.1%.

Nissen Institute of Basic Research Economic Survey Minister Taro Saito said, "The price increase of these frequently purchased items will be more directly reflected in the growth of household spending."

Some Japanese netizens said, "It's really hard to save on food expenses, too frugal and afraid of unbalanced nutrition, if this continues, I really don't know what to do."

A survey by Japan's Ministry of Internal Affairs and Communications related to household income and expenditure shows that the lower the income class, the more they will reduce consumption because of the increase in commodity prices.

Elderly people living alone, who used to rely on annuities, have also reportedly recently started to receive free ingredients at food banks.

Reuters reported in August citing a report by Imperial Database Research, which said that "Japan will see 20,000 goods increase in price throughout this year, with an average increase of 14 percent."

The report also pointed out that many businesses put the price of raw materials, such as wheat and cooking oil, as the reason for the price increase. For increased costs in transportation and packaging, merchants blamed the soaring price of international crude oil.

Real wages, which take into account the impact of price increases, showed a year-on-year decline as of August. Against this backdrop, the prices of many food items rose in September. Bread on toast rose 14.6% and mayonnaise rose 14.2%.

Household durables rose 11.3%, a record high since March 1975. Among them, washing machines (including washing and drying machines) rose 32.1%, and home air conditioners rose 14.4%.

In addition to the high price of raw materials and the depreciation of the yen, the sale of new high-priced goods by businesses was also one of the reasons. Energy prices rose 16.9%, with electricity costs up 21.5% and city gas costs up 25.5%. Accommodation prices rose by 6.6% due to the relaxation of movement restrictions associated with the new crown epidemic, etc.

Regarding the index increase in October, Koya Miyamae, senior economist at SMBC Nikko Securities, predicted, "It is possible to reach 3.5% due to the sharp rise in food prices."

He also said that thereafter, from January to March next year, the momentum of rising resource prices will be suspended, and the index will be in the range of 2.5% to less than 3%.