South Korea: Sugar and salt inflation rates hit the highest in one year

Published 2023년 10월 11일

Tridge summary

According to Statistics Korea, the inflation rates for sugar and salt have reached their highest levels in one year. Last month, sugar prices rose by 16.9% and salt prices increased by 17.3% due to various factors including decreased production and increased demand. This price increase has put pressure on the food and restaurant industry to raise costs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sugar and salt inflation rates hit the highest in one year Sugar and salt inflation rates both hit their highest levels in a year. According to Statistics Korea's National Statistics Portal, last month's sugar price index rose 16.9% from a year ago, the largest increase in a year since September of last year. Last month, the rate of increase in salt prices also rose by 17.3% due to a decrease in production due to heavy rain and typhoons and an increase in demand due to the discharge of contaminated water in Japan, the highest increase in one year and one month since August of last year. The prices of sugar and salt are rising, and the price of milk has ...
Source: Yonhapnewstv

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.