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Instant noodles are popular foods in many countries , especially South Korea, where the per capita consumption of instant noodles ranks first in the world
.
However, starting from August 1, the prices of a variety of representative instant noodles in South Korea will be raised one after another
.
What is the reason for the collective price increase? What impact will it bring?
.
However, starting from August 1, the prices of a variety of representative instant noodles in South Korea will be raised one after another
.
What is the reason for the collective price increase? What impact will it bring?
Hongdae, Korea's famous gourmet shopping district, has a large number of restaurants
.
Instant noodles are an a la carte dish in many stores, and there are also ramen restaurants that specialize in different flavors of instant noodles
.
In the homes of Korean people, instant noodles are a must-have food for the family, which shows that Koreans love instant noodles
.
.
Instant noodles are an a la carte dish in many stores, and there are also ramen restaurants that specialize in different flavors of instant noodles
.
In the homes of Korean people, instant noodles are a must-have food for the family, which shows that Koreans love instant noodles
.
However, starting from August 1st, one of South Korea's most iconic instant noodles-Kim Ramen and other products will increase their prices, with an average increase of about 12%.
This is also the first price increase for its brand in 13 years
.
This is also the first price increase for its brand in 13 years
.
Within this month, many well-known instant noodles such as Shin Ramen will gradually increase their prices by about 7%.
Brands with this round of price increases account for more than 70% of the instant noodle market in South Korea
.
Brands with this round of price increases account for more than 70% of the instant noodle market in South Korea
.
In fact, instant noodles, as a representative cheap food in South Korea, are closely related to people's lives, so the price is very sensitive and difficult to increase
.
.
For this price increase after many years, the company said it was a last resort decision
.
The reason is that the prices of its main raw materials-wheat and palm oil, etc.
have continued to rise sharply.
Coupled with rising costs in manpower and logistics, the overall profitability of the company has continued to deteriorate
.
.
The reason is that the prices of its main raw materials-wheat and palm oil, etc.
have continued to rise sharply.
Coupled with rising costs in manpower and logistics, the overall profitability of the company has continued to deteriorate
.
The leading price increase in the instant noodle industry is expected to trigger a collective increase in the prices of processed foods in South Korea, which has become a signal of rising prices in South Korea in the second half of the year
.
.
In terms of fresh food, South Korea has also been "rising" recently
.
Watermelon , a common fruit in summer , currently sells for about 130 yuan, an increase of about 26% from last month
.
Many people sigh that eating a whole watermelon is simply a "luxury"
.
.
Watermelon , a common fruit in summer , currently sells for about 130 yuan, an increase of about 26% from last month
.
Many people sigh that eating a whole watermelon is simply a "luxury"
.
The reporter found that many supermarkets simply divide the watermelon into such small pieces for sale, which is quite popular because of the small price burden
.
Due to the recent continuous high temperature that has affected the production of a large number of crops, the prices of fruits and vegetables in Korea have generally risen sharply
.
.
Due to the recent continuous high temperature that has affected the production of a large number of crops, the prices of fruits and vegetables in Korea have generally risen sharply
.
Eggs, another common food in South Korea, are affected by bird flu, and their prices remain high
.
According to data released on July 30, the number of Korean laying hens in the second quarter decreased by more than 10% year-on-year, to about 9 million
.
The price of eggs has risen by more than 70% year-on-year, becoming the daily necessities with the largest increase in the same period
.
Some large supermarkets have implemented restrictions on the purchase of eggs, and South Korea said it will continue to import 100 million eggs within this month
.
.
According to data released on July 30, the number of Korean laying hens in the second quarter decreased by more than 10% year-on-year, to about 9 million
.
The price of eggs has risen by more than 70% year-on-year, becoming the daily necessities with the largest increase in the same period
.
Some large supermarkets have implemented restrictions on the purchase of eggs, and South Korea said it will continue to import 100 million eggs within this month
.
On the whole, the Korean producer price index has risen for eight consecutive months, and the price index of agricultural and sideline products in the first half of the year also recorded the largest increase in nearly 30 years
.
The growing burden of the people’s food basket, as the epidemic has worsened again, has also triggered Korean society’s concerns about stagnant inflation in the economy
.
.
The growing burden of the people’s food basket, as the epidemic has worsened again, has also triggered Korean society’s concerns about stagnant inflation in the economy
.
