The price of Korean instant noodles hits the biggest increase since February 2009
South Korea
Published Nov 8, 2021
Tridge summary
The prices of processed foods in South Korea rose sharply in October. Among them, the price of instant noodles rose 11% from the same period last year, the highest increase in 12 years and 8 months.
Original content
The National Statistical Information Service (KOSIS) of the Korea Statistics Agency released statistics on the 7th. The Consumer Price Index (CPI) for processed foods rose 3.1% in October to 109.89, the largest annual increase in a single month since November 2014. Affected by the increase in flour prices, the price of instant noodles increased by 11% annually, the largest increase since February 2009. In addition to instant noodles, noodles (19.4%), biscuits (6.5%), pasta (6.4%), and bread (6%) ), puffed food (1.9%) and other product prices have also risen sharply. In addition, the price of salt ...
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