Among 8 Consumer-Preferred Menus, Gimbap Shows Highest Increase
Rise Expected to Continue for a While... Emergency Martial Law Situation a Negative Factor
This year, the dining-out menu item with the highest price increase was gimbap.
According to the Korea Consumer Agency's price information portal 'Chamgagyeok' on the 15th, the average price of eight popular dining-out menu items in Seoul from January to November this year rose by an average of 4.0%.
By menu, gimbap saw the largest increase. It rose 5.3%, from 3,323 won in January to 3,500 won last month.
During the same period, jajangmyeon increased from 7,069 won to 7,423 won, and bibimbap rose from 10,654 won to 11,192 won, both up 5.0% respectively.
▲ Naengmyeon (11,385 won → 11,923 won) 4.7% ▲ Kalguksu (9,038 won → 9,385 won) 3.8% ▲ Samgyeopsal (converted to 200g: 19,429 won → 20,083 won) 3.4% ▲ Samgyetang (16,846 won → 17,629 won) 2.5% ▲ Kimchi jjigae set meal (8,000 won → 8,192 won) 2.4%, and others followed.
Samgyeopsal (converted to 200g), one of the most preferred dining-out menu items among Koreans, exceeded 20,000 won in Seoul for the first time in May this year. Samgyetang also reached the 17,000 won mark in July.
This trend is expected to continue for some time.
Due to the Middle East war and the U.S. presidential election, the strong dollar phenomenon has persisted, causing import prices to rise for two consecutive months in October (up 2.1%) and last month (up 1.1%). With the emergency martial law declared on the 3rd of this month, it is expected that prices will rise even more sharply.
When import prices increase, the prices of various food ingredients sourced from overseas rise, which can lead to a delayed increase in dining-out prices.
The won-dollar exchange rate briefly exceeded 1,440 won immediately after the declaration of emergency martial law and has since fluctuated around 1,430 won. As of the 13th, this is nearly 70 won higher than this year's average exchange rate (Hana Bank's transaction standard rate: 1,362.30 won).
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