[See more] The consumption wave has arrived / KBS 2024.12.24.

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KBS News

Published on Dec 24, 2024
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Families who come out to enjoy the Christmas atmosphere for the first time can feel the skyrocketing prices. At 10 AM, large marts open for business. They are trying to attract customers with half-price food events and even lower prices. It’s the Korean version of Black Friday, with food, clothing, cars, TVs, and home appliances. Will consumers really open their closed wallets as retailers hold year-end discount events following large-scale shopping events? The inflation rate, which soared to 3.1% at the beginning of this year, has recently stayed in the 1% range for three consecutive months. However, it doesn’t feel like the inflation rate has slowed down. Recording Lee Eun-hee/Professor of Consumer Science, Inha University Because high interest rates and high prices have continued, people have been hit twice, and now their disposable income has shrunk, so their spending power has decreased significantly. This consumption behavior in the era of high prices is called recession-type consumption. Along with this trend, sales at representative low-price household goods stores and transaction amounts on second-hand trading platforms have grown significantly. ▣ Report ◇ KakaoTalk: Search for 'KBS Report' ◇ Phone: 02-781-1234 ◇ Homepage: https://goo.gl/4bWbkG ◇ Email: [email protected] Copyright ⓒ KBS. All rights reserved. Unauthorized reproduction, redistribution, and use (including AI learning) prohibited #Prices #Consumption #RecessionaryConsumption

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