Food Prices Surge... Fruit and Bread Prices Near 40% Increase Over Five Years [3-Minute Brief]

[At a Glance]
① Fruit and bread prices have surged nearly 40% over five years... Milk and eggs up 30%, instant noodles up 25%
② September exports hit record high as working days increase... Possible decline in October
③ Even the EU raises "tariff barriers"... Korean steel industry faces inevitable impact

MARKET INDEX : Year to date

○ New York stock market closes lower across the board... Dow down 0.52%

○ Market takes a breather after previous day's gains

○ Nvidia rises 1.8% after US government approves semiconductor exports

Top 3 NEWS

■ Food prices remain high... Fruit prices up 30% compared to five years ago

○ Food prices have risen 22.9% over the past five years

○ Fruit and dairy prices have increased by more than 30%

○ Bread, instant noodles, and other items also show increases in the 20% range

■ September exports boosted by 'number of working days'... 'Chuseok holiday' to inevitably impact October negatively

○ September exports up 12.7%... four more working days

○ Strong performance in core sectors such as semiconductors, automobiles, and ships

○ In October, the Chuseok holiday will reduce the number of working days

■ EU halves steel quotas and doubles tariffs... Korean exports face tougher road ahead

○ EU announces introduction of a new tariff quota system

○ Steel import quotas cut by half, tariffs increased by 50%

○ Government holds joint public-private countermeasure meeting

Graphic News: [Exclusive] "Calling for innovation" but 3 out of 10 Saemaul Geumgo mergers lack transparency

○ All-out reform declarations by many credit unions

○ Each credit union operates differently

○ Insufficient information provided to members

the Chart: After 11 consecutive months of declining COFIX, mortgage loan share quadruples

○ COFIX interest rates continue to fall

○ Share of COFIX in mortgage loans expands

○ 7.9% in August... the highest in 20 months

Today's Key Schedule

○Domestic

○International

00:00 US Construction Spending (MoM) (August)

02:00 US 30-Year Treasury Bond Auction

06:30 New Zealand Business PMI (September)

08:50 Japan Corporate Goods Price Index (MoM) (September)

21:30 US Average Hourly Earnings (MoM) (September)

21:30 US Non-Farm Payrolls (September)

21:30 US Unemployment Rate (September)

21:30 Canada Unemployment Rate (September)

◇ Lunch & Evening Commute Weather

○ Lowest temperature: 16℃ (▼2℃) ｜ Highest temperature: 19℃ (▼4℃)
○ Precipitation probability: 30% in the morning ｜ 60% in the afternoon
○ Fine dust: Good in the morning ｜ Good in the afternoon

All you need in 3 minutes: essential, value-for-time economic news. Published daily at 8:00 AM.