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Calbee, Japan’s answer to Frito-Lay with an enormous product lineup ranging from pizza-flavored potato chips to low-carb granola, is raising prices again as companies struggle to absorb costs that are climbing at the fastest clip in years.

The Tokyo-based company said in a statement Wednesday it will raise the prices of snacks and cereals in Japan by between 5% and 20% from September because of increasing material costs. Its shares advanced as much as 5.1% in Tokyo after the announcement, their biggest intraday gain in more than a month.

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