South Korea Leads OECD Nations in Food and Beverage Costs

South Korea Leads OECD Nations in Food and Beverage Costs

Credit: Public domain.According to a June 15 report by the OECD, South Korea’s food and beverage price index was 47% higher than the OECD average, the highest among developed countries except for Switzerland. The data is adjusted relative to purchasing power, taking into account relative income and foreign exchange rates.South Korea’s high food and beverage prices stem from low self-sufficiency and complex supply chains. In 2022, South Korea’s f…