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  • VanIslander
  • Moderator LVL 1

    • 2341

    • June 02, 2011, 10:12:19 am
    • Seogwipo, Jeju Island
    more
Price Inflation: Here and/or back home
« on: March 21, 2021, 04:55:54 pm »
In 2011 I would buy a big-ass bag of onions for 8000 won (ate one a day raw with dip or cooked; getting the quercetin).

Now, today, I saw the same sized big bag for 39,000 won?!

Ha, ha... no.

Alternatives:

My local supermarket sells a few stalks of green onion for over 6000 won. Across town (not a city) i can still buy it for at least just under 3000 won.
I
Strawberries are 16000 won for what I used to pay 5000 won to 9000 won without batting an eye.

Since 2002 I never CARED what the price of fruit or veggies were, even when occasionally expensive. But in 2010 I flipped a switch: this is absurd. I can get tons of cheap spinach, turnips, broccoli and blueberries for a small fraction of the cost of strawberries, onions, bell peppers and swiss chard.

Ugh.

I might actually finally give in and get my first ever points card. (I have never supported consumer data tracing, but i'm starting to not give a f).


Re: Price Inflation: Here and/or back home
« Reply #1 on: March 21, 2021, 05:17:34 pm »
That's ridiculous.
My wife bought a 5 kg bag of new season onions for 5,000 won yesterday. She also buys huge bags of bell pepper export seconds for 10,000 won just a few km down the road. My daughter bought a medium size box of strawberries from her local supermarket, and brought it to our house today. I'm looking at the price right now. 6,000 won.


Re: Price Inflation: Here and/or back home
« Reply #2 on: March 21, 2021, 06:18:15 pm »
Avoid home plus produce! Emart for the foreign stuff. Local store nh brand for the rest of it or the 5 day markets. But overall yes stuff is really expensive and/or not great quality.


  • Lazio
  • Expert Waygook

    • 505

    • January 27, 2018, 03:56:10 pm
    • Gyeongi-do
Re: Price Inflation: Here and/or back home
« Reply #3 on: March 21, 2021, 07:16:31 pm »
Due to a supply shortage, onions and green onions are selling for more than twice as much as 2 months ago. It's been all over the news. It will go back down soon.
Yes, there is inflation but the current prices are extreme high and not the norm. The same goes for eggs.


  • Mr C
  • The Legend

    • 2529

    • October 17, 2012, 03:00:40 pm
    • Seoul
Re: Price Inflation: Here and/or back home
« Reply #4 on: March 21, 2021, 07:23:43 pm »
https://www.donga.com/en/List/article/all/20210309/2487400/1/Food-prices-in-South-Korea-up-by-6-5-in-January

"The increase in food prices is attributable to a reduction in supply due to poor weather conditions and the spread of avian influenza as well as a boost in demand for home-made food amid the Covid-19 pandemic and holiday consumption."

When I came to Korea in 2008, a Coke Zero was 900W, now it's 2100W.  But samgyup was around 8000W per serving in a restaurant, now it's 12,000W. 

Economics is not as simple as it at first appears. 


Re: Price Inflation: Here and/or back home
« Reply #5 on: March 21, 2021, 08:16:12 pm »


When I came to Korea in 2008, a Coke Zero was 900W, now it's 2100W.

It's still around 900 to 1000 a can in a supermarket, less from Coupang if bought in bulk.  1500 max in CU/GS25


  • VanIslander
  • Moderator LVL 1

    • 2341

    • June 02, 2011, 10:12:19 am
    • Seogwipo, Jeju Island
    more
Re: Price Inflation: Here and/or back home
« Reply #6 on: March 21, 2021, 08:51:39 pm »
When Imported Italian spaghetti pasta is cheaper than onions, you know something is out of whack.

At least Chilean red wine is still 6000 won a bottle and spinach is always dirt cheap.


  • Mr C
  • The Legend

    • 2529

    • October 17, 2012, 03:00:40 pm
    • Seoul
Re: Price Inflation: Here and/or back home
« Reply #7 on: March 21, 2021, 09:05:54 pm »
It's still around 900 to 1000 a can in a supermarket, less from Coupang if bought in bulk.  1500 max in CU/GS25

Ah, sorry, I meant the 16 oz bottles.  In a convenience store. 


  • JNM
  • The Legend

    • 4748

    • January 19, 2015, 10:16:48 am
    • Cairo, Egypt (formerly Seoul)
Re: Price Inflation: Here and/or back home
« Reply #8 on: March 21, 2021, 09:43:20 pm »
Convenience store prices have little relation to anything.


  • Mr C
  • The Legend

    • 2529

    • October 17, 2012, 03:00:40 pm
    • Seoul
Re: Price Inflation: Here and/or back home
« Reply #9 on: March 21, 2021, 09:51:49 pm »
Convenience store prices have little relation to anything.
Except what things cost.

What does that even mean? 
« Last Edit: March 21, 2021, 09:59:51 pm by Mr C »


  • VanIslander
  • Moderator LVL 1

    • 2341

    • June 02, 2011, 10:12:19 am
    • Seogwipo, Jeju Island
    more
Re: Price Inflation: Here and/or back home
« Reply #10 on: March 21, 2021, 10:33:09 pm »
... still cheaper than back home, eh?

(That'd be the kicker.)


  • JNM
  • The Legend

    • 4748

    • January 19, 2015, 10:16:48 am
    • Cairo, Egypt (formerly Seoul)
Re: Price Inflation: Here and/or back home
« Reply #11 on: March 22, 2021, 12:36:47 am »
Except what things cost.

What does that even mean? 

A $0.35 soda in a box of 24 can at a supermarket can sell for $2.50 at a convenience store.

Inflation will raise the first price quickly because margins are thin, but the convenience store can hold the price on the second.

Convenience stores use a combination off “loss leaders” (often regular buy items like milk and eggs) and high-margin impulse or convenience items.

The high-margin makes pricing highly variable... i.e. not related to anything. :)



Re: Price Inflation: Here and/or back home
« Reply #12 on: March 22, 2021, 03:39:49 am »
Prices in my world
I paid 9.99/Ib for wild Domestic shrimp this week.
1.69 Ib for corned beef (sale price)
2.79 a gallon for gas (3.35 premium)
6.99 ib for New York Strip
1.69 for a gallon of milk at ALDI, 2.10 at Walmart
Season pass to a ski mountain  349 USD if purchased before March 28th.  ;D
399,000 for 2500 square foot home (townhouse)
535,,000 for 2800 square foot (single family)

The only inflation so far I've seen in my area is in housing prices
 
a townhouse was 300,000 in 2017
a single family was 410,000 in 2017

Median teacher salary 77,000 USD or around 6500 a month.

130,000 for Admin.

« Last Edit: March 22, 2021, 04:08:28 am by deweybeach »


  • gogators!
  • The Legend

    • 4563

    • March 16, 2016, 04:35:48 pm
    • Seoul
Re: Price Inflation: Here and/or back home
« Reply #13 on: March 22, 2021, 04:29:53 am »
Prices in my world
I paid 9.99/Ib for wild Domestic shrimp this week.
1.69 Ib for corned beef (sale price)
2.79 a gallon for gas (3.35 premium)
6.99 ib for New York Strip
1.69 for a gallon of milk at ALDI, 2.10 at Walmart
Season pass to a ski mountain  349 USD if purchased before March 28th.  ;D
399,000 for 2500 square foot home (townhouse)
535,,000 for 2800 square foot (single family)

The only inflation so far I've seen in my area is in housing prices
 
a townhouse was 300,000 in 2017
a single family was 410,000 in 2017

Median teacher salary 77,000 USD or around 6500 a month.

130,000 for Admin.


Food prices are up 4% in the U.S.

I might have to start shopping at Aldi. I thought $2.83 for a gallon of milk at Costco was cheap.

Yes, housing is expensive due to a lack of supply. People are frequently paying more than the asking price. 


  • VanIslander
  • Moderator LVL 1

    • 2341

    • June 02, 2011, 10:12:19 am
    • Seogwipo, Jeju Island
    more
Re: Price Inflation: Here and/or back home
« Reply #14 on: March 22, 2021, 04:33:47 am »
Cancer awaits us as we go meat, dairy and a sedentary lifestyle.

But man, does it feel good.


  • hangook77
  • The Legend

    • 2868

    • September 14, 2017, 09:10:12 am
    • Near Busan
Re: Price Inflation: Here and/or back home
« Reply #15 on: March 22, 2021, 07:39:30 am »
In 2011 I would buy a big-ass bag of onions for 8000 won (ate one a day raw with dip or cooked; getting the quercetin).

Now, today, I saw the same sized big bag for 39,000 won?!

Ha, ha... no.

Alternatives:

My local supermarket sells a few stalks of green onion for over 6000 won. Across town (not a city) i can still buy it for at least just under 3000 won.
I
Strawberries are 16000 won for what I used to pay 5000 won to 9000 won without batting an eye.

Since 2002 I never CARED what the price of fruit or veggies were, even when occasionally expensive. But in 2010 I flipped a switch: this is absurd. I can get tons of cheap spinach, turnips, broccoli and blueberries for a small fraction of the cost of strawberries, onions, bell peppers and swiss chard.

Ugh.

I might actually finally give in and get my first ever points card. (I have never supported consumer data tracing, but i'm starting to not give a f).

Better not complain about the rising cost of living.  You're bound to trigger a few folks on here.  Same pay, but everything's way more expensive.  They'll come on and argue non stop with you. 


  • pkjh
  • The Legend

    • 2028

    • May 02, 2012, 02:59:44 pm
    • Asia
Re: Price Inflation: Here and/or back home
« Reply #16 on: March 22, 2021, 07:42:36 am »
When I first came to Korea way back in the early 2000s, the basic cab fare when you got in was like 1200-won. A two liter bottle of water cost like 400 won. And jajangmyeon was 1500 won.


  • hangook77
  • The Legend

    • 2868

    • September 14, 2017, 09:10:12 am
    • Near Busan
Re: Price Inflation: Here and/or back home
« Reply #17 on: March 22, 2021, 07:44:36 am »
When I first came to Korea way back in the early 2000s, the basic cab fare when you got in was like 1200-won. A two liter bottle of water cost like 400 won. And jajangmyeon was 1500 won.

I bet your salary was 2.1 million won.


  • pkjh
  • The Legend

    • 2028

    • May 02, 2012, 02:59:44 pm
    • Asia
Re: Price Inflation: Here and/or back home
« Reply #18 on: March 22, 2021, 07:46:34 am »
Better not complain about the rising cost of living.  You're bound to trigger a few folks on here.  Same pay, but everything's way more expensive.  They'll come on and argue non stop with you. 
I believe I started at around 1.5 million won way back. However, wages have not kept up with inflation.


  • hangook77
  • The Legend

    • 2868

    • September 14, 2017, 09:10:12 am
    • Near Busan
Re: Price Inflation: Here and/or back home
« Reply #19 on: March 22, 2021, 07:58:38 am »
I believe I started at around 1.5 million won way back. However, wages have not kept up with inflation.

Really?  I knew some folks who started around 2003 and said they were in the 2.1 to 2.3 million range.  You sure your range wasn't mid to late 90's or something?  (Then again I did rural public school and started at 1.9 3 to 4 years later than them ,lower than some hakwon buddies at the same time and went to 2.1 the next year.)