Beverage Prices Including Maeil Dairies and Paldo to Rise
Convenience Store Food and Ready-to-Eat Meal Prices Also Increasing
Starting in May, the prices of coffee, Sikhye, and other beverages sold at convenience stores will increase by 100 to 200 won. The prices of major convenience store food items such as sausages and ready-to-eat meals, as well as daily necessities like shampoo, toothbrushes, and toothpaste, are also expected to rise.
According to the convenience store industry on April 30, the prices of Maeil Dairies' Cafe Latte, Barista Cup, Hershey Chocolate Drink, and Original Soy Milk will be raised by 100 to 200 won each. The price of Cafe Latte (220ml) will increase from 2,100 won to 2,300 won, and Hershey Chocolate Drink will rise from 1,400 won to 1,600 won, both up by 200 won. Original Soy Milk, Black Bean Soy Milk, and 99.99 Soy Milk (190ml) will increase from 1,300 won to 1,400 won.
The prices of Paldo Birak Sikhye (500ml) and Namyang Dairy's 17 Tea (500ml) will also rise from 2,000 won to 2,200 won. In addition, Haitai HTB's Grinded Pear Can (340ml) and Grape Bong Bong Can (340ml) will each increase by 100 won, being sold at 1,700 won.
The prices of Sprite, Fanta Orange, Powerade, and other beverages at convenience stores will also rise by 100 to 200 won. Sprite Can (250ml) will go from 1,500 won to 1,600 won, the 350ml product from 1,800 won to 1,900 won, and the 500ml product from 2,100 won to 2,200 won. The price of Fanta Orange Can (250ml) will increase from 1,500 won to 1,600 won, and Powerade PET (600ml) will rise from 2,300 won to 2,400 won.
The convenience store retail prices of Ottogi ready-to-eat meals will also increase. The price of the ready-to-eat Ox Knee Soup (500g) will rise by 1,000 won, from 9,900 won to 10,900 won. Four types of ready-to-eat meals, including Beef Yukgaejang and Korean Beef Seaweed Soup, will each increase by 700 won, from 7,800 won to 8,500 won. Spicy Pork Soup with Rice and Spicy Sundae Soup with Rice will also rise from 8,500 won to 9,400 won. In addition, Bbusyeo Bbusyeo snacks will increase from 1,200 won to 1,300 won. The prices of Harim's Garlic Frank, Charcoal Grilled Ribs Hot Bar, and Spicy Frank will each rise by 100 won, from 2,300 won to 2,400 won.
The prices of some daily necessities will also rise. Twenty-three types of sanitary pads, including Bodyfit and Joeunneukkim, will increase by 100 to 900 won. Aekyung H&B's shampoo, toothbrushes, and toothpaste will rise by 200 to 500 won each. The food and daily necessities industries state that price hikes are inevitable due to domestic market stagnation, a sharp rise in exchange rates, and increases in raw material prices. Each of these factors independently contributes to the need for higher supply prices.
Meanwhile, according to consumer price trends announced by Statistics Korea on April 2, last month's consumer prices rose by 2.1% compared to the same month last year, marking a third consecutive month of price increases in the 2% range this year. Notably, processed food prices rose by 3.6% year-on-year, the highest since December 2023. Since the beginning of this year, more than 40 food and dining companies have raised product prices. The prices of many items, including coffee, bread, ramen, frozen dumplings, snacks, ice cream, hamburgers, beer, and cheese, have all increased one after another.
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