<Anchor> When
you go to grocery shopping these days, you might want to wonder why you climbed so much.
In recent years, not only the prices of grains such as wheat and corn, but also raw materials, including oil, iron, and copper, have risen sharply, leading to higher prices.
This is Jeon Yeon-nam reporter.
<Reporter> As
gasoline prices have risen for 12 consecutive weeks, the look of consumers looking for gas stations is dark.
[Jo Yeongyeong/Gyeonggi Bucheon City: I think it's been about 3-4 months since I started climbing.
Too much expensive.
It's too expensive (the gas station that I used to go to) suddenly climbed up, so it's the cheapest place in Bucheon, but I've come to Hwagok here.] The
international oil price, which was negative right after Corona 19, is close to $60 per barrel.
International grain prices soared, soybeans rose 53% in one year and corn rose 40% in one year. As sugar and wheat also rose, the price of processed foods is rising.
Prices of almost all raw materials, including iron, copper, zinc and aluminum nickel, are rising.
There is even a prospect that the'raw materials supercycle' that came after the astronomical money was released to overcome the international financial crisis in the early 2010s will be re-enacted.
[Choi Jin-young / Researcher at Ebest Investment & Securities: From last year, the raw material cycle has begun to progress positively.
Until the first half of this year, it is still positive.]
There are also concerns that rising raw material prices, such as oil prices, which have a major impact on inflation, coupled with the enormous liquidity available on the market, will cause inflation.
However, the current rise in commodity prices is not only a phenomenon in the early phase of the economic recovery, but internationally, as purchasing power has declined and employment and consumption recovery is slow, inflation pressure is not a concern.