Grocery Prices Climb More Than 3 Times OECD Average

  • Arirang News

    September 11, 2017 08:37

    Grocery prices in Korea are rising at a much faster rate than other OECD countries.

    According to Statistics Korea, fresh food prices in July jumped 5.6 percent over the same month last year, more than three times higher than the OECD average. 

    The surge has been attributed to the heat wave and heavy rainfall in July, which damaged crops and pushed up fruit and vegetable prices. The price of eggs, fruit and vegetables all jumped in double-digit figures on-year.

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