Korea National Council of Consumer Organizations
Regular survey on necessities: Price of spinach dropped as much as 30.5% in May.
A regular survey on necessities conducted in May 2005 found that the prices of daily necessities decreased narrowly from one month ago (i.e. a 0.2% decrease from a month ago). Of these, the price of spinach decreased the most, while the prices of radish and sesame oil rose from a month ago.
The prices of agricultural and stock farm products dropped by 1.4% from a month ago, and the prices of spinach (-14.8%) and melon (-8.6%) were also on the decrease. As an increasing amount of melon hit the market in May, its price has decreased. The prices of industrial products increased by 0.6% from a month ago, and the price of sesame oil (5.6%) rose dramatically.
Goyang City witnessed the highest price rise from a month ago, with an increase of 21.4%, from 1260 won in April 2007 to 1038 won in May 2007. The price of spinach dropped the most, with Chuncheon City seeing its price fall the most from a month ago (30.5%), recording 777 won in May 2007 compared with 1118 won in April 2007.
▶ For inquiries, please contact: Manager Eun-Ji Lee (02-774-4050)
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