Korean Food Prices Still Among Fastest-Rising in OECD

  • Arirang News

    January 13, 2017 09:37

    Korea had one of the three highest rates of inflation for grocery prices among OECD nations for the third month in a row in November.

    Only in Mexico and Japan are food prices rising faster than in Korea, where the food inflation rate is 4.5 percent. Korea ranked second in October with a rate of 5 percent, and first in September with 5.6 percent.

    The rise is mainly the result of higher costs for agricultural products following a scorching heat wave and drought last year.

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