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No.523 2007.07.05 Korea National Council of Consumer Organizations
Regular survey of necessities: Price of radish increased 1.7 times, hitting a record high in June

Press Release No. 523, Issued on 5 Jul. 2007

Korea National Council of Consumer Organizations

Regular survey of necessities: Price of radish increased 1.7 times, hitting a record high in June

A regular survey on life’s necessities conducted in June 2007 found that the prices of daily necessities generally increased from May (a 4.7 percent increase from a month ago). Of these, the price of radish increased the most, while the price of sesame oil dropped from a month ago. Prices in Seoul decreased narrowly (a 0.9% decrease from a month ago). Prices in Wonju City increased the most, rising by 5.4%, whereas prices in Busan rose the least, posting 1.4%.

The prices of agricultural and stock farm products decreased by 10.3% from a month ago. The prices of radish (32.5%), spinach (28.2%) and Chinese cabbage (11.7%) all increased sharply. Prices of industrial products rose narrowly, recording a 0.8% increase from a month ago, and the prices of canned tuna (4.4%) and toothpaste (4.4%) increased, while the price of sesame oil (5.1%) decreased.

The price of radish increased the most nationwide, and Chuncheon City witnessed the highest price rise from a month ago with an increase of 72.7%, recording 1031 won in June 2007 compared with 597 won in May 2007. The price of sesame oil dropped the most, and Daegu City witnessed it’s the sharpest reduction in price from a month ago, as it decreased by 16.2%, recording 4286 won in June 2007 compared with 5116 won in May 2007.

Ulsan City and Daegu City, which recorded 5 of the 37 most expensively priced items in Korea, turned out to have the highest number of the most expensive items in Korea, while Jeju, which posted 7 of the most inexpensive items (Chinese cabbage, spinach, radish, pork, imported beef, sea weed and Choco Pie) was found to have the highest number of least expensive products.  

『The most expensive and inexpensive products in Korea』

 

The highest priced items nationally

The lowest priced items nationally

Seoul

4: Watermelon bottled water, soju, beer

-

Busan

3: Soybean curd, powered milk, Choco Pie

2: Chicken, sugar

Incheon

1: Pork

2: Ham, milk

Ulsan

5: Lettuce, melon, ham, milk, yogurt

 

Suwon

 

3: Melon, ramyon, yogurt

Goyang

4: Rice, radish, dried anchovies, cooking oil

3: Beer, canned tuna, flour

Chuncheon

 

5: Sea weed, soju, sesame oil, hot pepper paste, detergent

Wonju

3: Coffee, flour, tissue

1: Powdered milk

Cheongju

 

1: Soybean curd

Daejeon

3: Imported beef, detergent

1: Rice

Jeonju

1: Juice

3: Watermelon, mackerel, diapers

Gwangju

3: Sea weed, sesame oil, hot pepper paste

 

Daegu

5: Spinach, mackerel, egg, canned tuna, toothpaste

3: Juice, coffee, Korean beef

Changwon

1: Korean beef

2: Dried anchovy, soju

Jinju

1: Chinese cabbage

4: Lettuce, Hot pepper paste, toothpaste, tissue

Jeju

3: Chicken, flour, diaper

7: Chinese cabbage, spinach, radish, pork, imported beef, sea weed, Choco Pie

▶ For inquiries, please contact: Manager Eun-ji Lee (02-774-4050)



#701, Seoul YWCA, 1-1, Myeongdong 1-ga, Jung-gu, Seoul, (Postal code: 100-021)
  TEL 82-2-774-4050   FAX 82-2-774-4090   E-mail: sohyub@consumer.or.kr