Monday, 2 June 2008

Prices are going up

The nation's major oil wholesalers increased their product prices Sunday, blaming higher crude oil prices and prompting gasoline stations across the nation to hike their prices to as high as the upper ¥170 level per liter.
Read: Gas prices start to jump

Yes, we are really feeling the pain of increasing petrol prices here in Japan. In the last few months I have seen many products that have been price stable for many years suddenly jump up in price.

Van Houten Cocoa was ¥105 now ¥116
Mt Ranier Coffee was ¥145 now ¥155
Steak lunch was ¥750 now ¥850
Flag fall on a taxi was ¥660 now ¥710

And that's what Ive seen in the last two months. Luxury items like Starbucks coffee has remained stable but I know that lessons at my school have gone up but our wages haven't.

Things are starting to feel a little expensive here in Japan.

3 comments:

lina 2 June 2008 2:58 PM  

I'd better increase my holiday budget then.

tornadoes28 3 June 2008 1:12 AM  

It's worlwide. People are dumping their SUVs and pick-up trucks for smaller cars because gas is so high here.

Lunatic_Sae 4 June 2008 9:47 AM  

I thought gas prices were crazy here in the US, but it's way worse outside it seems. Here in the US, a gallon of regular gas (87-octane) is around USD $4.00 a gallon, which equates to around JPY 111 a liter. But, at least Japan has their obscenely efficient rail system as an alternative to driving all the time.

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