The price of Korean instant noodles hits the biggest increase since February 2009

Published 2021년 11월 7일

Tridge summary

In October, South Korea experienced a significant surge in the prices of processed foods, with the Consumer Price Index (CPI) for processed foods increasing by 3.1% to 109.89, marking the largest annual increase since November 2014. The price of instant noodles alone rose by 11%, the highest increase in over a decade, due to an upward trend in flour prices. Additionally, the prices of noodles, biscuits, pasta, bread, puffed food, salt, traditional rice wine, salad dressing, and edible oil also saw substantial hikes, ranging from 6% to 23.9%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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. 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 ...

Source: Turnnewsapp