Compared to gross domestic product and GDP per capita, food prices in the past 40 years have fallen substantially, while apartment prices in Gangnam, Seoul, have risen more than 80 times.

According to the analysis of inflation and media coverage in the '1980-2020 major domestic goods and services price trend' report published by the Hana Financial Management Research Institute, GDP per capita is from $ 1,714 in 1980 to $ 3,754 in 2019. It increased to 18.5 times.

Based on this, the price increase rate of each item was compared, and the apartment price in Gangnam, Seoul, increased by 84 times from 770,000 won in 1980 to 66.7 million won in Eunma Apartment.

The charter rate jumped from 160,000 won to 16.29 million won, more than 102 times.

On the other hand, in the past 40 years, the nominal price increase rate of most of consumer goods such as agricultural and marine products and industrial products has been lower than the GDP increase per capita, which has actually lowered the price.

Most foodstuff prices have not increased more than 9 times in 40 years, with rice rising from 3.2 to 3 times from 3,000 won to 9,500 won, and chicken from 1 kg to 3.3 times from 1,400 won to 4,656 won.