In 2023, clothing and shoe prices in South Korea were 61 percent higher than the average of the Organisation for Economic Co-operation and Development (OECD). Similarly, grocery prices were about 1.6 times above the OECD average. In contrast, utility fees, including electricity, gas, water, and public transportation, were about 27 percent lower compared to international standards.
Price level index of South Korea compared to the OECD average in 2023, by commodity group
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Bank of Korea. (June 17, 2024). Price level index of South Korea compared to the OECD average in 2023, by commodity group [Graph]. In Statista. Retrieved December 31, 2024, from https://www.statista.com/statistics/1498995/south-korea-price-level-compared-to-oecd-average-by-commodity-group/
Bank of Korea. "Price level index of South Korea compared to the OECD average in 2023, by commodity group." Chart. June 17, 2024. Statista. Accessed December 31, 2024. https://www.statista.com/statistics/1498995/south-korea-price-level-compared-to-oecd-average-by-commodity-group/
Bank of Korea. (2024). Price level index of South Korea compared to the OECD average in 2023, by commodity group. Statista. Statista Inc.. Accessed: December 31, 2024. https://www.statista.com/statistics/1498995/south-korea-price-level-compared-to-oecd-average-by-commodity-group/
Bank of Korea. "Price Level Index of South Korea Compared to The Oecd Average in 2023, by Commodity Group." Statista, Statista Inc., 17 Jun 2024, https://www.statista.com/statistics/1498995/south-korea-price-level-compared-to-oecd-average-by-commodity-group/
Bank of Korea, Price level index of South Korea compared to the OECD average in 2023, by commodity group Statista, https://www.statista.com/statistics/1498995/south-korea-price-level-compared-to-oecd-average-by-commodity-group/ (last visited December 31, 2024)
Price level index of South Korea compared to the OECD average in 2023, by commodity group [Graph], Bank of Korea, June 17, 2024. [Online]. Available: https://www.statista.com/statistics/1498995/south-korea-price-level-compared-to-oecd-average-by-commodity-group/
