Mushroom Sales: a Recession Indicator

Mushroom, kombu, and paprika sales predict an economic downturn.

Mushroom Sales: a Recession Indicator

Credit: Public domain.

How do we know South Korea is about to undergo a recession? Watch the sale of mushrooms, a popular but not entirely essential part of the typical Korean pantry.

The sale of fungi in December 2022 dropped by 7 percent year-over-year, indicating that customers are beginning to trim around the edges of their grocery shopping. Other items in the same category are facing a similar decline: sale of kombu 다시마 fell 5% year over year, and sale of paprika decreased by 6% percent.

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