Jeonnam Province Living Cost Index Rises 13.8% Over 10 Years

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] The cost of living index in Jeollanam-do has recorded the fifth highest increase nationwide over the past 10 years.

The Honam Regional Statistics Office announced the "Trends in Jeollanam-do Cost of Living Since 2010" on the 10th.

As a result, the Jeonnam cost of living index reached 105.76 (2015=100) in 2020, marking a 13.8% increase compared to 2010. This is 0.4 percentage points higher than the national increase rate of 13.4%.

Among the 16 metropolitan cities and provinces, it showed the highest increase following Daegu, Busan, Seoul, and Jeju.

The cost of living index quantifies the average price changes of 141 items frequently purchased by general consumers. It can be simply understood as the "shopping basket price."

Items with sharply rising prices included sewage fees (319.5%), squid (185.1%), and cigarettes (83.0%).

On the other hand, school meal fees and tuition payments (high school, kindergarten) fell by 100%, and prescription drugs decreased by 50.7%.

Among these items, the most heavily weighted "mobile phone fees" dropped by 13.1%, gasoline by 18.8%, and electricity charges by 5.1%.

The consumer price index rose 15.3% compared to 2010, reaching 105.71 last year. While alcoholic beverages and tobacco (61.1%) and food and non-alcoholic beverages (34.7%) increased, communication (-9.0%) and transportation (-3.0%) decreased.

This content was produced with the assistance of AI translation services.