'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 prices are soaring in South Korea, causing frustration among consumers. Major bakery chains, such as Paris Baguette, Tous les Jours, Dunkin, and SPC Samlip, have increased the cost of their products, averaging 5 to 9 percent hikes. The price increases affect a wide range of items, from bread to cakes and even donuts. This trend is not limited to franchise chains; independent bakeries are also raising their prices, with some products now costing over 10,000 won.
As a result, going out for dessert has become more expensive for many Korean consumers, who are now spending more on sweets than on a meal when dining with friends.
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- 'Breadflation' hits consumers as bakery chains hike prices koreatimes.co.kr
