Food to Cost More This Chuseok

      August 21, 2014 11:03

      Rising meat prices are expected to burden household budgets for Chuseok or Korean Thanksgiving, which falls on Sept. 8 this year.

      Meat prices are estimated to be 5 to 12 percent higher compared to last year's Chuseok, while vegetables will cost 4 to 11 percent less.

      Fruits are also likely to be more expensive, with the price of persimmons in particular rising as much as 41 percent. This is because Chuseok this year falls earlier than any other year for the last 38 years.

      The Korea Agro-Fisheries and Food Trade Corporation said that households will have to spend 4.4 percent more money than last year to buy food for Chuseok.

      It surveyed the prices of 26 food items usually bought for one of the country's largest celebrations, and found that meat prices are driving up the overall cost as supply has declined due to the recent outbreak of bird flu and foot-and-mouth disease.

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