A better-than-expected inflation report for January bolstered hopes that price hikes is near its end but consumers are still wary as the cost for some food items for Lunar New Year ceremonies continues to soar. “I have visited two different discount stores and searched online shopping platforms to compare prices and buy cheaper fruits and other food items that I need for family gatherings during the Lunar Ne.
Piles of apples are displayed at a large supermarket chain store in Seoul on Wednesday. Ahead of the Lunar New Year’s holiday season next month, grocery prices have soared more than 20 percent compared to a year ago, according to price tracker Korea Price Information on Wednesday. The average price of three apples at a traditional market was 15,000 won ($11.20), a 42.86 percent surge from the same period last y.
Today's news: Maldives’ run-off presidential election is underway pitting pro-Chinese and pro-India candidates. A curfew was imposed again in Manipur due to continued unrest. Food prices reach an all-time high ahead of a Korean Thanksgiving holiday. The Un is sending a mission to Nagorno-Karabakh. Philippine security guards recruit a new feline member.
Chuseok food cost hits all-time high Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
Amid rising inflation, an increasing number of Koreans are opting for more affordable ready-to-eat meals, or meal kit, products over traditional dishes to prepare a table for the Korean Thanksgiving holiday of Chuseok that runs from Sept. 28 through Sept. 30 this year. During Chuseok, setting up a "charye" a table full of food offerings including fruits, rice, fish and meat is prepared to honor one&rs.