'Breadflation' hits consumers as bakery chains hike prices
"I went to a bakery in Jongno District last weekend, and two pieces of bread and two cups of coffee cost more than 20,000 won ($14)," said Yang, a college student in her 20s. "These days, it feels like I often end up spending more on dessert than on a meal when I hang out with my friends," she said. For many Korean consumers, bread is no longer a cheap snack, as major bakery chains roll out a…
Bread inflation is causing a rise in prices for consumers as bakery chains across South Korea implement price hikes. Major chains such as Paris Baguette, Tous les Jours, Dunkin, and SPC Samlip have increased the cost of their products by an average of 5 to 9 percent, affecting a wide range of bread and baked goods. This trend has led to consumers, particularly younger individuals, spending more on dessert than on a meal when dining out with friends.
The price increases are not limited to franchise chains, as independent bakeries are also raising their prices, with some products now selling for over 10,000 won.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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- 'Breadflation' hits consumers as bakery chains hike prices koreatimes.co.kr
