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    Home > Food News > Food Articles > Statistics: Korean processed food prices soared, instant noodles rose by more than 10%

    Statistics: Korean processed food prices soared, instant noodles rose by more than 10%

    • Last Update: 2021-11-12
    • Source: Internet
    • Author: User
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    Yonhap News Agency, Sejong, November 7.
    The prices of processed foods and other vegetable baskets in South Korea rose sharply year-on-year in October .
    Among them, the price of instant noodles increased significantly, the highest value in 12 years and 8 months .

     
    According to statistics released on the 7th by the Korean National Statistical Information Service (KOSIS), the consumer price index (CPI) for processed foods in October increased by 3.
    1% year-on-year to 109.
    89, which is the highest level since November 2014 (3.
    3%).
    The biggest increase in the month
    .
     
    Specifically, affected by the increase in flour prices, the price of instant noodles rose 11% year-on-year, the largest increase since February 2009 (14.
    3%)
    .
    In addition to instant noodles, the prices of noodles (19.
    4%), biscuits (6.
    5%), pasta (6.
    4%), bread (6%), and puffed food (1.
    9%) have also risen sharply
    .
     
    In addition, the price of salt rose by 23.
    9% year-on-year, the largest increase among processed foods
    .
    Korean traditional rice wine Makgeolli increased by 17.
    5% year-on-year, salad dressing and cooking oil increased by 14.
    3% and 12.
    3%
    .
    (over)
    Food basket price instant noodles
     
    According to statistics released on the 7th by the Korean National Statistical Information Service (KOSIS), the consumer price index (CPI) for processed foods in October increased by 3.
    1% year-on-year to 109.
    89, which is the highest level since November 2014 (3.
    3%).
    The biggest increase in the month
    .
     
      Specifically, affected by the increase in flour prices, the price of instant noodles rose 11% year-on-year, the largest increase since February 2009 (14.
    3%)
    .
    In addition to instant noodles, the prices of noodles (19.
    4%), biscuits (6.
    5%), pasta (6.
    4%), bread (6%), and puffed food (1.
    9%) have also risen sharply
    .
     
      In addition, the price of salt rose by 23.
    9% year-on-year, the largest increase among processed foods
    .
    Korean traditional rice wine Makgeolli increased by 17.
    5% year-on-year, salad dressing and cooking oil increased by 14.
    3% and 12.
    3%
    .
    (over)
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