• Kyodo

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Food manufacturers in Japan have been hiking prices as a result of rising costs for raw materials and crude oil, data showed Monday, dealing a blow to households already hit by the fallout from the coronavirus pandemic.

The average price of cooking oil at supermarkets across the country spiked in May to around 50% higher than prices seen a year earlier, while that of mayonnaise was up nearly 30%, according to Japanese analysis company True Data.

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