In 2023, clothing and shoe prices in South Korea were ** percent higher than the average of the Organisation for Economic Co-operation and Development (OECD). Similarly, grocery prices were about *** times above the OECD average. In contrast, utility fees, including electricity, gas, water, and public transportation, were about ** percent lower compared to international standards.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.
Bank of Korea. (June 17, 2024). Price level index of South Korea compared to the OECD average in 2023, by commodity group [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 21, 2026, from /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. ÌÇÐÄÆƽâ°æ. Accessed July 21, 2026. /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. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 21, 2026. /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." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 17 Jun 2024, /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 ÌÇÐÄÆƽâ°æ, /statistics/1498995/south-korea-price-level-compared-to-oecd-average-by-commodity-group/ (last visited July 21, 2026)
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: /statistics/1498995/south-korea-price-level-compared-to-oecd-average-by-commodity-group/
