Japan's Chicken Prices Soar to Record High Amid Inflation

Japan's chicken prices have reached an all-time high in August, driven by surging demand from cost-conscious consumers. According to a survey conducted by the Ministry of Agriculture, Forestry, and Fisheries, the average retail price of chicken thighs at major retailers nationwide rose to ¥156 per 100 grams, up 15% compared to the previous year.

This marks the highest price recorded since the survey began in August 2003. The increase is attributed not only to rising demand but also to the weak yen, which has made imported chicken more expensive. As a result, nearly 40% of Japan's chicken consumption relies on imports.

The average price for 100 grams of pork loin also rose ¥3 over the previous month to ¥290, setting another record high. In contrast, domestically produced beef loin prices fell to ¥836 per 100 grams, down ¥34 from the previous month.