June 09, 2023

Coffee and shampoo prices in North Korea fall to Earth after soaring last year

Source reports decline from pandemic highs, but expert says foreign good costs may not reflect broader economic trends

Prices of some foreign goods in Pyongyang appear to have stabilized following a price surge last year, according to price data obtained by NK News, even as trade with the outside world remains at a fraction of pre-pandemic levels.

A source in the North Korean capital told NK News that a bottle of Chinese-made shampoo sells for $29 as of September — a fortune for the average North Korean but far cheaper than in June 2021, when imported shampoo cost hundreds of dollars.