Food companies in South Korea have been raising prices of items such as bread, coffee, ramen, and hamburgers, leading to a continuous upward trend in the consumer price inflation rate, which has been in the 2% range for three months. The increase in prices of processed foods, including a 15.3% rise in kimchi prices, 8.3% in coffee, and 6.3% in bread, has contributed to a 0.3 percentage point rise in the overall inflation rate. The government announced plans to inject an additional 300 billion won to discount the prices of agricultural, livestock, and fishery products that may become unstable due to the impact of wildfires, and freeze public utility fees such as electricity and gas in the first half of the year.
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Auto-posted at: 2025-04-02 21:02:44