Prices rise for Big Mac, Angel-in-us AmericanoFood companies are increasing the cost of their products, citing increased expenses.
McDonald’s Korea on Friday announced it will increase prices starting Monday by an average 1.36 percent.
It will raise the price of eight items, including four burgers and two breakfast options. While the cheeseburger and Big Mac set will rise 200 won ($0.17), other items will be increased between 100 won to 300 won.
At the same time, McDonald’s reduced the prices of three burgers. The price of a double cheeseburger set and double bulgogi burger set will be lowered by 100 won.
Some popular offerings, like the McSpicy Shanghai burger set and Bacon Tomato Deluxe set, will remain unchanged in price.
“We adjusted the price of some food considering the rise in various expenses,” said a spokesperson for McDonald’s Korea in a statement.
Lotteria and Burger King took similar steps. Last month, Lotteria raised the price of 26 items, including 13 burgers and six desserts, by an average of two percent. The popular bulgogi and shrimp burgers were included in the price adjustment. The last time Lotteria raised prices was in 2018, when they were raised an average of 2.2 percent.
Burger King raised the price of 27 items, including 20 types of burgers by an average 2.5 percent.
Nongshim last month increased the factory price of Doongji Cold Noodles and Saeng Saeng Udon by 12.1 percent and 9.9 percent, respectively. Their retail prices increased around 200 won.
“The price increase was inevitable due to the continuous rise in expenses, including manufacturing costs and sales management costs,” said a spokesperson for Nongshim.
Earlier this month, Lotte Group’s Angel-in-us coffee shop chain raised the prices of 29 beverages by an average 0.7 percent. The cost of a single origin Americano went from 5,000 won to 5,200 won. “Prices of some drinks were inevitably increased due to a continuous increase in expenses, including labor costs and rents,” said a spokesperson for Lotte GRS, which operates the coffee chain.
Coca-Cola last month increased the factory price of 11 drinks, including Coca-Cola by an average of 5.8 percent.
BY JIN MIN-JI [firstname.lastname@example.org]
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