ANN/THE KOREA HERALD – The inflation rate for dining establishments’ food prices and processed foods in South Korea has been rising more rapidly than the general inflation rate for consumer goods, according to data from a government agency.
The inflation rate for food prices at dining establishments in August came to 5.3 per cent, while the inflation of consumer prices reached 3.4 per cent, according to Statistics Korea.
Government data also showed that food prices at restaurants have been increasing for 27 straight months.
By menu, the inflation rate of pizza saw the highest increase by 10.8 per cent on-year, followed by tteokbokki, up 7.4 per cent on-year.
The inflation rate of other food options, such as popular on-the-go choice gimbap ,posted 7.4 per cent increases.
Prices of processed foods have also been increasing for 21 straight months.
The inflation rate for processed foods in August came to 6.3 per cent.
The inflation rate of a salad dressing saw the highest increase by 31.3 per cent on-year, followed by gochujang, or red pepper paste, by 21.9 per cent and cheese by 21. 2 per cent.
