The following is a translated summary of a report from the local press. It has been edited for clarity, including the addition of links and information needed for readers unfamiliar with Jeju. — Ed.
The expected expense of a Lunar New Year’s Day (Seollal, which this year falls on Feb. 10 of the solar calendar) ancestral memorial service (Jesa) for a family of four will increase by 2.6 percent compared to last year, a study commissioned by the Jeju Chamber of Commerce has concluded. The Chamber’s research at food markets noted the change in price of such staples as fruits, vegetables, meats and processed foods. Among the ingredients needed to prepare the traditional memorial service, the study found:
- The cost of pears will increase by 28 percent.
- Chestnut prices to be up by 23 percent.
- Apples, bucking the trend due to an increase in production, are down in price by 16.7 percent.
- Pork also showed a sharp drop of 24.4 percent.
While the price of vegetables and rice cakes has risen steeply, the liquor price has increased only slightly and beef and fish remain comparable in price to 2012. A chamber official said the overall price increase was caused by a decline in production due to factors such as damage from natural disasters. The spokesperson added that governments at all levels should supervise the situation to stabilize prices. — Jeju Sori