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Korea’s food price inflation rate ranks in OECD’s top three for third straight month


Korea’s inflation rate for grocery prices
has ranked in the top three among the 34 countries of the OECD for a third straight month. According to OECD data, Korea’s inflation
rate for grocery prices was four-point-five percent in November from the year before,…
which is the third highest after Mexico and Japan. Korea came in second in October, with a rate
of five percent, and was first in September, at five-point-six percent. The food price increases were mainly attributed
to the higher costs for agricultural products, after the scorching heatwave and drought last
year.

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1 thought on “Korea’s food price inflation rate ranks in OECD’s top three for third straight month

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