Aeon lowers price of 31 food items and other essentials

By on September 27, 2023

Despite Japan having one of the lowest inflation rates in the world, its core consumer prices have increased by 3.1% from August last year, going beyond the 2% inflation target set by the Bank of Japan.

As many households bear the brunt of soaring food and energy prices as a result of its weak currency and increased import costs due to the war in Ukraine, Aeon, one of Japan’s biggest retail companies, has announced price cuts for 31 food and daily essentials such as salad oil, toilet paper etc.

The price cuts at 10,000 stores operated by Aeon and its affiliates range from 2 to 15 percent under the TopValue label. Aeon owns Daiei, MaxValu, Maruetsu, My Basket, Ministop convenience store and Welcia drugstores.

 

 

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