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    Home > Food News > Food Articles > Water, electricity, food, gasoline... Prices here are "rising"!

    Water, electricity, food, gasoline... Prices here are "rising"!

    • Last Update: 2021-09-03
    • Source: Internet
    • Author: User
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    Recently, Korean prices have continued to rise.
    According to the economic trends in the second quarter released by the Korea Statistics Agency, the consumer price index , which reflects the price level of goods and services purchased by Korean residents, rose by 2.
    5% year-on-year, the largest quarterly increase since the first quarter of 2012.
    .
    What specific category fluctuates significantly, Korean consumers everyday life and what has changed?
     
    Food and energy prices rise, Korean prices continue to rise
     
    Statistics show that in the second quarter of this year, in South Korea's consumer price index, the price of agricultural, livestock and aquatic products that are closely related to people's lives rose by 11.
    9%, the highest value in 30 years
    .

     
    Following the fruit tree disease in this spring, South Korea encountered continuous high temperatures in the summer, and crops such as fruits and leafy vegetables were not growing well, causing the prices of agricultural products to remain high
    .
     
    The high temperature weather also affects the breeding industry in South Korea.
    The milk production of dairy cows has declined compared with previous years, and the price of milk is facing upward adjustment
    .
     
    In addition, the recent recurrence of the African swine fever epidemic in South Korea has led to continuous increases in pork prices
    .
     
      Korean consumers: Prices have risen sharply and shopping is a bit difficult
    .
    I often use my mobile phone to buy food now.
    I take advantage of the discount activities in offline stores, so I come to have a look
    .

     
      Korean consumers: Now that prices are rising again and there is an epidemic, consumption seems to be sluggish a lot
    .
    I feel a bit expensive when I go shopping in supermarkets and department stores
    .

     
      In addition to the food category, the price increase of Korean petroleum products is also obvious
    .
    As of the second week of August, the average selling price of gasoline at Korean gas stations was 1647.
    3 won (approximately RMB 9.
    1) per liter, rising for 15 consecutive weeks
    .

     
      The price of diesel per liter has also risen to 1442.
    2 won (approximately 7.
    9 yuan), and many Korean consumers have to shop around when refueling their vehicles
    .
     
      Since the second quarter of this year, the price of personal services in South Korea has also maintained an increase of more than 2% for four consecutive months
    .
     
      Especially in July, driven by factors such as increased demand during the summer vacation season, the prices of personal services, including courier fees, laundry fees and other services, rose by 2.
    7% year-on-year, the highest increase in two and a half years
    .
     
      Yu Yunsun, Economic Trend Statistics Review Officer of the Korea Statistics Office: Compared with agricultural, livestock and aquatic products, the price of personal services and processed food in Korea has increased significantly
    .
    At the same time, the pressure on public utilities such as electricity, gas, and water bills is also increasing
    .

     
      South Korea: High prices have spawned hot trading in the second-hand commodity market
     
      In South Korea, rising prices have also boosted the booming second-hand commodity trading market
    .
    Major retail companies have seized business opportunities and cooperated with second-hand trading platforms
    .

     
      In the context of the continued new crown epidemic, rising prices, and shrinking consumption, the South Korean second-hand trading market has continued to grow against the trend
    .
     
      Especially young people in their 20s and 30s have increased their acceptance of second-hand goods, and they are especially keen on buying second-hand electronic products and sports shoes online
    .
     
      Ms.
    Zhang, who lives in Seoul, told reporters that out of financial and environmental considerations, she began to like selling second-hand goods
    .
     
      South Korean second-hand goods seller Zhang Shoumin: During the epidemic, there are more people using second-hand goods trading websites, and I am more interested in putting idle items online
    .
    Attracted many buyers, almost every week can sell at least one
    .

     
      Citizens of Seoul, South Korea: There are some products that are not easy to buy or are very expensive, and the seller may only use it once or twice
    .
    On the second-hand website, I can get these good products at a cheap price, and I think it's a bargain
    .

     
      At present, South Korea has four major online second-hand trading platforms, which have led the market to grow to 20 trillion won, or more than 110 billion yuan
    .
     
      Aiming at market potential, Korean retail companies have started cooperation with second-hand trading platforms this year
    .
     
      Large department stores have also opened physical stores for second-hand sneakers platforms, and retail groups have recently joined hands with second-hand trading platforms to put the temporary foods of its 16,000 supermarkets and convenience stores on the platform for low-price processing
    .
     
      Guo Haoyong, head of the strategic business department of a second-hand trading platform in South Korea: Last year, our number of new users increased by 40% year-on-year
    .
    Since the beginning of this year, the number of users who demonstrate their personal preferences and values ​​through second-hand transactions has continued to increase, especially the transactions of second-hand brand-name products have become more active
    .

     
      It is understood that the current monthly active users of major second-hand trading platforms in South Korea are more than 10 million, and the types of trading products continue to expand from common clothing to scarce books
    .
     
      For consumer groups such as middle-aged and young people, different platforms have also launched unique services such as neighborhood second-hand goods trading and limited-edition product retrieval
    .
     
      At the same time, all platforms are also strengthening secure payment services to make second-hand transactions safer and more reliable
    .

      Recently, Korean prices have continued to rise.
    According to the economic trends in the second quarter released by the Korea Statistics Agency, the consumer price index , which reflects the price level of goods and services purchased by Korean residents, rose by 2.
    5% year-on-year, the largest quarterly increase since the first quarter of 2012.
    .
    What specific category fluctuates significantly, Korean consumers everyday life and what has changed?

    Service price consumer life
     
      Food and energy prices rise, Korean prices continue to rise
     Food and energy prices are rising, South Korea's prices continue to rise, food
     
      Statistics show that in the second quarter of this year, in South Korea's consumer price index, the price of agricultural, livestock and aquatic products that are closely related to people's lives rose by 11.
    9%, the highest value in 30 years
    .

     
      Following the fruit tree disease in this spring, South Korea encountered continuous high temperatures in the summer, and crops such as fruits and leafy vegetables were not growing well, causing the prices of agricultural products to remain high
    .
     
      The high temperature weather also affects the breeding industry in South Korea.
    The milk production of dairy cows has declined compared with previous years, and the price of milk is facing upward adjustment
    .
     
      In addition, the recent recurrence of the African swine fever epidemic in South Korea has led to continuous increases in pork prices
    .
     
      Korean consumers: Prices have risen sharply and shopping is a bit difficult
    .
    I often use my mobile phone to buy food now.
    I take advantage of the discount activities in offline stores, so I come to have a look
    .

     
      Korean consumers: Now that prices are rising again and there is an epidemic, consumption seems to be sluggish a lot
    .
    I feel a bit expensive when I go shopping in supermarkets and department stores
    .

     
      In addition to the food category, the price increase of Korean petroleum products is also obvious
    .
    As of the second week of August, the average selling price of gasoline at Korean gas stations was 1647.
    3 won (approximately RMB 9.
    1) per liter, rising for 15 consecutive weeks
    .

     
      The price of diesel per liter has also risen to 1442.
    2 won (approximately 7.
    9 yuan), and many Korean consumers have to shop around when refueling their vehicles
    .
     
      Since the second quarter of this year, the price of personal services in South Korea has also maintained an increase of more than 2% for four consecutive months
    .
     
      Especially in July, driven by factors such as increased demand during the summer vacation season, the prices of personal services, including courier fees, laundry fees and other services, rose by 2.
    7% year-on-year, the highest increase in two and a half years
    .
     
      Yu Yunsun, Economic Trend Statistics Review Officer of the Korea Statistics Office: Compared with agricultural, livestock and aquatic products, the price of personal services and processed food in Korea has increased significantly
    .
    At the same time, the pressure on public utilities such as electricity, gas, and water bills is also increasing
    .

     
      South Korea: High prices have spawned hot trading in the second-hand commodity market
     South Korea: High prices have spawned hot trading in the second-hand commodity market
     
      In South Korea, rising prices have also boosted the booming second-hand commodity trading market
    .
    Major retail companies have seized business opportunities and cooperated with second-hand trading platforms
    .

     
      In the context of the continued new crown epidemic, rising prices, and shrinking consumption, the South Korean second-hand trading market has continued to grow against the trend
    .
     
      Especially young people in their 20s and 30s have increased their acceptance of second-hand goods, and they are especially keen on buying second-hand electronic products and sports shoes online
    .
     
      Ms.
    Zhang, who lives in Seoul, told reporters that out of financial and environmental considerations, she began to like selling second-hand goods
    .
     
      South Korean second-hand goods seller Zhang Shoumin: During the epidemic, there are more people using second-hand goods trading websites, and I am more interested in putting idle items online
    .
    Attracted many buyers, almost every week can sell at least one
    .

     
      Citizens of Seoul, South Korea: There are some products that are not easy to buy or are very expensive, and the seller may only use it once or twice
    .
    On the second-hand website, I can get these good products at a cheap price, and I think it's a bargain
    .

     
      At present, South Korea has four major online second-hand trading platforms, which have led the market to grow to 20 trillion won, or more than 110 billion yuan
    .
     
      Aiming at market potential, Korean retail companies have started cooperation with second-hand trading platforms this year
    .
     
      Large department stores have also opened physical stores for second-hand sneakers platforms, and retail groups have recently joined hands with second-hand trading platforms to put the temporary foods of its 16,000 supermarkets and convenience stores on the platform for low-price processing
    .
     
      Guo Haoyong, head of the strategic business department of a second-hand trading platform in South Korea: Last year, our number of new users increased by 40% year-on-year
    .
    Since the beginning of this year, the number of users who demonstrate their personal preferences and values ​​through second-hand transactions has continued to increase, especially the transactions of second-hand brand-name products have become more active
    .

     
      It is understood that the current monthly active users of major second-hand trading platforms in South Korea are more than 10 million, and the types of trading products continue to expand from common clothing to scarce books
    .
     
      For consumer groups such as middle-aged and young people, different platforms have also launched unique services such as neighborhood second-hand goods trading and limited-edition product retrieval
    .
     
      At the same time, all platforms are also strengthening secure payment services to make second-hand transactions safer and more reliable
    .

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