August 16, 2022 11:27
Fruit and vegetable prices are surging due to a poor harvest ahead of the Chuseok holiday.
Prices of key food items typically eaten over Korea's biggest holiday to give thanks for nature's bounty from Sept. 9-12 will shoot up around 18 percent compared to last year.
That means it will cost W148,025 to buy a hamper of beef (300g), pollack (800g), eight dried croakers, spinach, apples, flour, cooking oil and tofu this Chuseok, compared to W125,830 a year ago (US$1=W1,302).
The price of napa cabbage surged 37.9 percent to W5,490, while the price of dried Russian pollack increased 32 percent to W4,990.
"Torrential downpours this past weekend will cause the prices of vegetables and fruit to rise even further, leading to increased food expenditures during Chuseok," a retailer said.
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