SEOUL, June 13 (Korea Bizwire) — With soaring consumer prices, the price of fried chicken jumped the highest this year.
According to the data from the Korean Statistical Information Service, among 39 types of outdoor food, fried chicken had the highest surge in price at 6.6 percent. All other outdoor foods were also more expensive than late last year.
Fried chicken was followed by “jajangmyeon” or black bean sauce noodles (6.3 percent), “tteokbokki,” a popular Korean snack made from rice cakes and red chili pepper sauce (6 percent) and “kalguksu” or hand-rolled noodles (5.8 percent).
The current price of a single order of South Korea’s major fried chicken franchises stands between 16,000 and 20,000 won (US$12.43-15.54).
Franchises have raised prices by 1,000 to 2,000 won between last year and this year, following price increases for the chicken itself along with flour and cooking oil.
The Korea Institute for Animal Products Quality Evaluation reported that a single chicken used by franchises cost 3,518 won as of last month, which was 17.9 percent more expensive than in December of last year.
Image Credit: Yonhap / photonews@koreabizwire.com
