Apples 72%, lettuce 40% – vegetable and fruit prices rise by three-quarters in South Korea
Market & Price Trends
Published Nov 5, 2023
The prices of vegetables and fruits in South Korea have significantly increased compared to the previous year. Statistics show that 76.1% of the vegetable and fruit items surveyed experienced a rise in prices. The government has implemented a special price stabilization system and plans to release government stockpiles to the market to address the price increases.
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Citizens are shopping at the vegetable section of a large supermarket in Seoul on the 18th. 2023.10.18/News 1 The rise in vegetable and fruit prices is unusual. The recent rise in prices of some items, such as apples, has attracted attention, but in addition, the prices of three-quarters of the vegetable and fruit items surveyed by Statistics Korea rose compared to the previous year last month. According to the National Statistics Portal of Statistics Korea on the 5th, last month's consumer price index was It was 113.37 (2020 = 100), up 3.8% compared to the same month last year. Vegetables were 127.02 and fruits were 145.67, up 5.3% and 25.8%, respectively, compared to the previous year. Among a total of 46 vegetable and fruit items investigated by Statistics Korea, compared to the previous year The prices of 35 items rose, accounting for 76.1% of the total. In particular, the price of fruit rose significantly. Last month, the prices of 15 of the 19 fruit items surveyed rose ...