Grocery prices in Seoul more than double New York’s
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
The 10 essential grocery items include bread, eggs, apples, bananas, chicken, beef sirloin, milk, onions, Coca-Cola, and a popular snack. In Seoul, the total cost of purchasing these 10 items was 22,643 won ($17.57), which was 7,119 won, or 46 percent more than the 15,524 won ($11.97) cost in New York, when based on the lowest prices at offline stores. In Korea, the same product may be cheaper online, but in the United States, it is common to set the prices the same for both online and offline at the same store. Consideration was also given to the fact that groceries are tax-free in New York State.
Even though both Seoul and New York supermarkets had some sales events, the overall prices in Seoul were higher than in New York. The biggest price difference was for the chicken, which was 2.1 times more expensive in Korea than in the United States. Bread was 1.7 times more expensive in Seoul than in New York, followed by milk, which was 1.6 times more expensive, and eggs, which were 1.5 times more expensive. Of the 10 staples, snacks were the only item that was cheaper in Seoul than in New York. The selected shrimp-flavored snack Saeukkang was priced at half the level of the U.S. Doritos on a unit weight basis.
This price difference becomes even more pronounced, given the income gap between the two countries. According to the Bank of Korea, Korea’s nominal gross national income (GNI) per capita is $35,990, half that of the United States’ $70,800. In terms of the 10-item basket of essential items, the cost of living in Seoul is three times higher than in New York.
While there is a wide range of prices for essential groceries, the high prices at the lower end of the spectrum are bound to put pressure on households.
“Cities with high prices for basic foodstuffs sharply lower the quality of life for residents,” Sung Tae-yoon, a professor of economics at Yonsei University, said. “With no spare money, the income gap will further widen in the long run, leading to a vicious cycle that will eventually reduce the city’s international competitiveness.”
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- “택배 보관중입니다”…이 문자 받고 눌렀다가 5억 날아갔다 - 매일경제
- 외국인 입맛엔 신라면보다 이것?…해외서 매출 80% 폭증했다는데 - 매일경제
- “미리 사재기했는데 큰일이다”…2차전지 핵심 ‘이것’ 가격 폭락중 - 매일경제
- 그돈이면 싼타페·쏘렌토 대신…‘국산차값’ 독일차, 신형도 가격파괴? [카슐랭] - 매일경제
- “유럽 1번 갈 바에 한국 5번 간다”...日 관광객이 우리나라에 몰리는 이유 [여행가중계] - 매일
- “발코니 확장하면 대출불가?”…신생아특례 조건 너무 깐깐하네 [부동산 라운지] - 매일경제
- “저희도 살아야…돈문제 힘들다” 최윤종母, 합의금 마련 어려움 호소 - 매일경제
- 돌싱들이 결혼생활 중 듣고 싶었던 말 1위?…“사랑해” 보다 ‘이것’ - 매일경제
- “벌 받기 바란다”…키우던 강아지 버리고 간 견주가 남긴 충격적 메모 - 매일경제
- 천하의 앙리도 놀란 정상빈의 멀티골 활약! 황선홍호, 프랑스 U-21 안방서 3-0 대승 - MK스포츠