This Lunar New Year, Koreans can expect to spend a little less on charye, the traditional ceremony of paying respects to one's ancestors through food and other offerings.
Korean retail store Lotte Mart says a Korean family will spend around 170 U.S. dollars on the ceremony this year.
That's around 1.8 percent lower than last year.
According to Lotte's merchandisers, the prices of 11 of the roughly 28 items usually purchased for the ceremony have dropped, while six items saw price increases.
The other 11 items are expected to carry the same price tag as before; that list includes meat and fish, fruit and vegetables, nuts, flour and traditional Korean wine.
Discount retailers say they are looking for ways to lower prices on these items, too, so Koreans can keep the tradition alive without hurting their wallets.