Jeju’s Inflation Rate Reaches 2% in May 2021: Food Prices Continue to Rise Despite Stability in Other Areas

Inflation rate in May reached 2% level for the first time in 23 months since June 2021
Processed food prices rose by 7.4%, eating out prices rose by 7.3%…Public bills rose by 22%

The rate of increase in consumer prices in Jeju 2in years 2%Although it has fallen, food is continuing its high price march..

Statistics Korea Jeju Office 2announced the day ‘Consumer price trends in Jeju Special Self-Governing Province’According to this year 5Monthly consumer price index in Jeju area 111.34(2020=100)as 1than a year ago 2.5% found to have risen. this is 2021year 6month(2.5%) after 23in months 2%it came down. again nationwide 5monthly consumer price(3.3%)compared to 0.8%point low.

last year 6·7month 7%Consumer prices in the Jeju area, which soared to the peak, are gradually stabilizing..

However, if you look at the detailed items, the inflation rate of food, which is closely related to real life, is still high..

farm·axis·Seafood in general 1compared to a year ago 0.5% fell.

Among agricultural products, grains are 5.1% fell, vegetable(9.8%)and negligence(2.9%) the price jumped.

Livestock is chicken(12.0%), imported beef(1.0%)All items except for.

seafood is hairtail(-6.1%), crab(-6.2%), hairtail(-6.1%) abalone(-1.0%)Prices of all items except for Squid increased compared to the previous year.(17.5%), shrimp(16.9%) The rate of increase was high.

In addition, processed foods 4month 7.3%at 5month 7.4%The rise widened to. This is the rate of consumer price inflation. 3double the level. Jam by item(39.1%), dressing(31.1%), Fish cake(29.5%), taste(28.6%), corn syrup(24.5%), mixed seasoning(19.8%) showed an increase of more than double digits.

With the price of some ingredients still rising at a high rate, it is not easy to eat out hastily..

5Monthly dining out prices compared to the same period last year 7.3% rose. previous month increase(8.2%)The rate of increase has decreased, but it is still high..

the National Statistical Office is investigating 39Prices of all dining out items increased compared to the same period last year. Specifically, Galbitang(16.8%), Kalguksu(14.3%), tteokbokki·pizza(12.2%), soju(11.8%), sashimi(10.4%) There was a marked rise in the price of.

Also electricity and gas, Utility bills such as water 1year-over-year 22% While rising, the burden on the common people remains.

An official from the Ministry of Strategy and Finance “Although price stability is expected to continue in the future, international energy prices, Plan to continue responding to stabilize prices as uncertainties such as weather conditions remain”emphasized that.

Reporter Jinju-ri