When you go out to eat, you just spend 100,000 won even though you haven’t eaten much, right? In particular, it is said that the price of Jajangmyeon, which is a representative indicator of the consumer price index, is 7,000 won in some places. As the price of eating out increases, consumers are trying to get cheaper food ingredients and daily necessities. Please refer to the Korea Consumer Agency’s ‘Participation Price’ site, where you can compare prices of desired products based on your region.
Participation information, Korea Consumer Agency
Participation information
The participation price information service is a service that provides price information on daily necessities sold at various stores across the country. This is a service designed to help consumers make rational consumption.
I think it can be said that the advantages of the participation price information service can be broadly divided into three categories.
First, you can see price information on various daily necessities at a glance. The participation price information service provides price information on over 120 daily necessities, including processed grain products, livestock products, marine products, processed foods, beverages, daily necessities, and clothing. In other words, consumers do not need to visit multiple shopping malls to compare prices of daily necessities.
Second, you can check the price fluctuation trend. The participation price information service provides price change trends on a weekly, monthly, and annual basis. Consumers have the advantage of being able to find the lowest price by checking price changes.
Third, you can check price information by store. The participating price information service provides price information for each retailer. In other words, consumers will be able to find the lowest price at a nearby store if they make a little effort to search.
Participation information
Participation information
How to use participation information
Unfortunately, the participation price information site does not have a dedicated app, so it is difficult to check according to the mobile phone screen. You can check by visiting the participation price site below through the PC screen. (You can check it on your mobile phone, but it is currently only displayed on the PC screen.)
Go to participation site
Classification of price information
How much pricing information does the participation price site provide? It offers prices for more basic necessities than it seems. Currently, there are 128 items and 336 products confirmed. Please refer to the table below for detailed information.
Price Information Retailer
So, which retailer provides this information? The participation price site provides price information for these daily necessities at over 500 stores nationwide. It is broadly divided into four categories. Unfortunately, please be aware in advance that there is no separate price information except for stores belonging to the four categories of hypermarkets, supermarkets, department stores, and convenience stores.
Information retrieval example
Let’s give an example of how to search for the product you want. To check the lowest price for Shin Ramyun (5 pieces),
Click on the daily necessities price information menu
Go to the grain processing site for price information for each item.
Click on date, type of business (hypermarket, department store, supermarket, traditional market, convenience store), region (your region), item (ramen), product (Shin Ramyun 5-pack)
If you search, you can check the average price, highest price, and lowest price, and see where the lowest price is.
Check the lowest price of Shin Ramyun
Q&A
In conclusion…
It was very convenient for me to be able to see the prices of daily necessities at a glance while using the participation price information service. And since I can check price fluctuations, I feel like I will be able to spend more frugally in the future. Lastly, I was able to check price information by store and find the lowest price nearby, so I was more concerned about how I could utilize it further in the future.
In this way, I believe that participation price information is a good service that helps consumers make reasonable consumption. I hope that many consumers will continue to access and use this participation price information service to live a frugal consumer life.