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Negotiations over raw milk prices have been dragging on as representatives from the farming industry — which involves the raising and milking of livestock — and dairy industry have clashed.
As GPU sales are crucial to Nvidia’s stock price, the sales volume is bound to increase.
Fried chicken buckets priced around 10,000 won ($7.23) at discount marts and convenience stores are becoming increasingly popular as big chicken franchise chains hike their prices through higher delivery fees.
Consumer burdens are expected to increase as the prices of processed food, beverages and franchise food such as chocolate, coke, soda, gim (dried seaweed) and soy sauce products surge.
The retail price of Korean staple gim (dried seaweed) jumped almost 30 percent last week from a year earlier, as demand for the food outpaced its supply due to booming exports.
McDonald's Korea will hike prices by an average of 2.8 percent on certain menu items from May 2, following an industry-wide trend in the last month.
Lotte Wellfood will postpone its scheduled price hike of chocolate products by one month to June, following a government order. The planned hike was expected to affect 17 chocolate snacks and ice cream products, including popular items like Pepero.
Korea's import prices climbed for a third consecutive month in March, driven by the deprecating won and rising oil prices amid persisting geopolitical tensions in the Middle East.
The government has extended the fuel tax cut to the end of June as oil prices fluctuate with escalating tension in the Middle East.
Korea JoongAng Daily Sitemap