Owner of Japanese clothing brand Uniqlo, Fast Retailing plans to raise prices of some goods this Fall, reflecting increasing cost pressures from the weak yen and logistical hurdles.

The company will increase prices of fleece goods and down jackets in the Fall/Winter product lines by 1,000 yen ($7.54). It will also increase the use of recycled polyester in its fleece products to keep costs down.

Consumer prices are surging in Japan after decades of deflation, driven by the yen's drop to a 20-year low against the dollar and soaring energy costs.

Fast Retailing has competed on low-cost basics like socks and underwear for decades, but its executives have warned recently that rising production costs would necessitate price hikes.

Tadashi Yanai, Founder rallied against the decline in Japan's currency in April, saying there was absolutely no merit in a weak yen.