Consumer prices rose 2.6 percent in August compared to the same period a year ago, according to Statistics Korea on Thursday. August was the fifth consecutive month in which consumer prices rose more than 2 percent.
Consumer prices rose 2.6 percent in July compared to a year earlier, the fourth consecutive month they rose more than 2 percent.
An employee arranges eggs at a discount mart in Seoul on Thursday. According to Consumers Korea, the average price of a pack of 10 eggs is up 3.9 percent compared to two months ago, when data was last collected.
Korea said Tuesday it will extend a temporary removal of tariffs on imported eggs by six months until the end of the year in a bid to stabilize their high prices.
According to the Korea Institute for Animal Products Quality Evaluation, a flat with 30 eggs retails for an average 7,666 won ($6.90) as of Feb. 26.
Roh Suk-hwan, second from right, inspects the customs process for imported egg products on Monday at a logistics center in Yeoju, Gyeonggi.
Rising food prices show little sign of stabilizing with the Lunar New Year holiday now less than a week away, with government efforts to import additional supplies having little effect.
Customer are limited to buying 30 eggs due to supply storages. Egg prices have been soaring as the bird flu affects supplies.
With egg prices soaring, supermarkets are rationing purchases as panic grips consumers and the government intervenes.
With egg prices soaring, supermarkets are rationing purchases as panic grips consumers and the government is intervening.