Bread prices rise 22% compared to two years ago...Processed foods are also subject to ``daily price checks'' = South Korea

Prices of major foods such as bread, milk, and ramen noodles have risen sharply for the second year in a row, and the price shock perceived by consumers is expected to be even greater. The Korean government has designated persons in charge of 28 major agricultural and food items.
The plan is to check prices every day and centrally manage them. According to the Korea Statistics Authority's National Statistics Portal on the 12th, last month's milk consumer price index was 122.03, an increase of 14.3% from the same month last year. this
This is the first time in 14 years and 2 months since August 2009 (20.8%). This is a 17.4% increase compared to two years ago.
Bread prices have also increased by 5.5% from a year ago and by 21.6% from two years ago.
did. Prices of sugar and ice cream, the main food items, rose 17.4% and 15.2%, respectively, from a year ago. Compared to October 2021, two years ago, sugar and ice cream respectively
rose 34.5% and 23.8%. Last month, flour prices were 0.2% lower than a year ago, but 36.5% higher than two years ago. In a situation where prices have increased significantly over the past two years, recently
It fell slightly. Ramen prices are also 10.0% higher than two years ago. The prices of five food service items closely managed by the Ministry of Agriculture, Forestry, Livestock and Food have also jumped significantly compared to two years ago. Last month, chicken
Prices have increased by 4.5% from one year ago, but are 15.2% higher than two years ago. Hamburger prices are up 6.8% from a year ago, but 19.6% from October 2021.
There is also a big difference in prices for fresh vegetables compared to two years ago. Chinese cabbage fell by 5.1% compared to the same month last year, but increased by 63.5% compared to October 2021. The price of radish
It is down 36.2% from one year ago, but 39.1% higher than two years ago. High prices have been going on for two years, and although prices have fallen since last year, people still feel that prices are high.
Considering these concerns, the Ministry of Agriculture and Food will check prices daily, communicate with related product producers and consumer groups, and come up with solutions. The government has set prices for 28 agricultural food items, including bread and milk.
I decided to check the grade every day. Previously, we had been checking the prices of 19 items every day, including 14 concentrate products and 5 restaurant menu items, but in order to keep track of price increases, we have been checking the prices of up to 9 processed food items at all times.
This will be included in the price confirmation. Processed foods that were regularly inspected include bread, milk, snack foods, coffee, ramen, ice cream, sugar, cooking oil, and flour.
It was decided to share international price trends for items that are highly dependent on raw material imports, such as bread and flour. In addition, administrative staff will visit the relevant food companies and hold meetings with multiple companies.
We are also considering ways to open the meeting and ask for cooperation. Meanwhile, Vice Prime Minister and Minister of Strategy and Finance Ju Kyung-ho appeared on KBS's "Sunday Diagnosis Live" on the same day and said, ``Agricultural products prices are generally on a downward trend,
``Prices have also fallen a little recently,'' and predicted that ``we will see price movements around 3.5 to 3.6 percent in November.''