April 20, 2024
Economy
Korea ranks 5th in OECD for Q1 food inflation
[THE INVESTOR] Korea ranked fifth in terms of rising food prices in the first quarter of the year out of 35 member countries of the Organization for Economic Cooperation and Development, according to data from OECD.
Food prices in Korea jumped 3.9 percent from the previous quarter, behind Turkey with 9.7 percent growth, Latvia with 5.9 percent, Czech Republic with 4.1 percent and Estonia with 4 percent, the data showed.
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The increase was mainly attributable to the spread of bird flu and the outbreak of foot-and-mouth diseas, the Korean government said.
(theinvestor@heraldcorp.com)
