A McDonald’s store in Seoul is seen on this file photograph. Yonhap
McDonald’s Korea, the native unit of quick meals big McDonald’s, mentioned Friday it should improve the costs of 20 menu objects by a mean of two.3 % subsequent week, citing increased meals prices and alternate price fluctuations.
Underneath the brand new pricing, the signature Large Mac meal will price 7,400 received ($5.09) starting Thursday, up by 200 received from the present 7,200 received, in accordance with the corporate.
The bulgogi burger, cheeseburger and 6 different meal units are additionally topic to the worth hike.
This marks the second value improve in lower than a yr. McDonald’s Korea had raised the costs of 16 menu objects by round 3 % final Could, citing elevated prices in meals, logistics and labor.
The upcoming value improve is in step with the nationwide pattern of rising meals costs as many main meals corporations have introduced value hikes in response to rising prices partly attributable to current political uncertainties.
Nongshim, Korea’s main prompt noodle maker, will increase the costs of its 17 merchandise subsequent week.
CJ CheilJedang has already elevated the costs of its Bibigo dumplings and different processed meals this month, whereas Dongwon F&B has additionally adjusted its product costs.
The bakery and cafe sectors are additionally seeing related tendencies. SPC Group, which operates bakery and donut manufacturers Paris Baguette and Dunkin Donuts, has raised costs of bread and donuts. Lotte Wellfood and Binggrae have elevated costs of snacks and ice cream.
Espresso manufacturers have additionally joined the transfer, with Starbucks Korea, Hollys and Paul Bassett elevating their espresso costs in January.
In accordance with authorities knowledge, Korea’s processed meals value index elevated 2.9 % from a yr earlier in February, marking the very best on-year achieve in 13 months. (Yonhap)
