Lotteria burgers get 2.2% more expensive
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Lotteria is raising burger prices. The fast food franchise announced Wednesday that it was going to raise the price of 11 of its burgers by an average of 2.2 percent. Its Teri Burger, for example, will now cost 2,300 won ($2.04), up from the original 2,000 won. The price of the Classic Cheese Burger will rise from 4,000 won to 4,200 won.
“We have decided to increase prices due to economic factors, but hope to offer customers higher quality and service,” read a statement from the franchise.
Cafe franchise Angel-in-us Coffee also announced it would raise prices of 17 of its beverages by an average of 2.7 percent, or 200 won. Both Lotteria and the cafe chain are operated by Lotte GRS, the food business subsidiary of Lotte Group.
Angel-in-us cited higher prices of ingredients – like coffee beans and milk, as well as higher labor costs – for the beverage price hike.
Questions & Answers
Q.Which specific burgers are affected by Lotteria's price increase?
Which specific burgers are affected by Lotteria's price increase?
The article mentions the Teri Burger and the Classic Cheese Burger as examples of those increasing in price. Lotteria stated that 11 of its burgers will see a price rise.
Q.What reason did Lotteria give for raising its burger prices?
What reason did Lotteria give for raising its burger prices?
Lotteria cited 'economic factors' as the reason for its decision to increase prices. The franchise also expressed a hope to offer customers higher quality and service.
Q.Are other brands under the same parent company also increasing prices?
Are other brands under the same parent company also increasing prices?
Yes, the cafe franchise Angel-in-us Coffee, also operated by Lotte GRS, announced price increases for 17 of its beverages. This is due to higher ingredient and labour costs.
Q.What is the average percentage increase for Angel-in-us Coffee beverages?
What is the average percentage increase for Angel-in-us Coffee beverages?
Angel-in-us Coffee is raising the prices of 17 of its beverages by an average of 2.7 percent. This increase amounts to 200 won per beverage.
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