Automobile prices will rise next year, and the prices of mobile phones and TVs will also be raised one after another.

Price transition of "Santa Fe 2.2 Diesel". The unit is 10,000 won (Image provided by: wowkorea)

According to the industry, Hyundai Motor recently released a redesigned sports utility vehicle (SUV) "2022 Santa Fe" and raised the price of some grades. Gasoline models have a maximum of 1.81 million won and a minimum of 420,000 won higher than the previous model. Diesel models are more expensive than this. In the case of the “Exclusive” grade, the price was 2.41 million won, 7.7% higher than the previous model. Most of all, the sharp rise in the prices of raw materials such as steel sheets, aluminum, and magnesium, which are necessary for the production of automobiles, has led some analysts to conclude that the rise in automobile prices is only natural. Rising transportation costs in major countries, supply and demand imbalances due to supply shortages of semiconductors for automobiles, and excess demand due to retaliatory consumption due to the prolonged pandemic are also believed to be the causes of price hikes. In addition to automobiles, product prices are expected to rise due to shortages of raw materials and rising prices in fields such as consumer electronics such as TVs and monitors, smartphones, electric vehicles (EVs), and food. In fact, the price of display panels for TVs and monitors has risen by 66% compared to last year, and it is clear that the price of smartphones will rise next year due to the rise in the price of semiconductors, which are the core components of smartphones. It is said. Several market research companies expect that the price of rechargeable batteries imported from China will also rise. Anxiety is widespread.

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