South Korea: Green onion increased by 50%, spinach by 34% until Chuseok

Vegetable prices are skyrocketing, with the price of green onions rising by more than 50% in one year. The price of eating out has exceeded the overall consumer price inflation rate for 33 months, increasing the burden on consumers. Apple and pear prices are expected to remain high until Chuseok this year. According to Statistics Korea on the 7th, vegetable prices rose 12.2% last month compared to a year ago. This is the largest increase in 11 months since March of last year (13.8%). Vegetable prices, which fell from July to September last year due to increased production, turned upward in October of last year (5.9%) and have been showing an increase of 8 to 12% every month for the past four months compared to the same month of the previous year. The prices of green onions and cabbage, which are highly consumed per person, have risen particularly sharply. Last month, the price of green onions rose 50.1% from the previous year. The price of green onions has been steadily rising by ...