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Eating Out Price Growth Hits 10-Year High in December

Written: 2022-01-02 14:24:51Updated: 2022-01-02 19:35:18

Eating Out Price Growth Hits 10-Year High in December

Photo : KBS News

The price of eating out rose by the steepest pace in over a decade in December last year.

According to Statistics Korea on Sunday, the food-away-from-home, or restaurant purchases, increased four-point-eight percent in December from a year earlier.

It marks the largest gain in ten years and three months since September 2011.

Galbitang (beef rib soup) and beef at restaurants jumped ten percent and seven-and-a-half percent on-year, respectively last month. Gimbap (rice roll) and ramyeon, both popular and traditionally inexpensive food, gained six-point-six percent and five-point-five percent, each.

Of the 39 food items at restaurants, only coffee saw its price remain unchanged in December.

For the entire 2021, the price of eating out grew two-point-eight percent on-year, the largest gain since 2018, when it rose three percent.

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