Foreign tourists are surprised by this when visiting Korea... the cost of living, food, and accommodation is 55% higher

The cost of living for domestic consumers is more than 50% higher than the average in major countries.

It has been analyzed that low-income groups bear a relatively higher burden of living costs.

 

According to the issue note issued by the Bank of Korea and the data on the operation status of the inflation target,

As of last year, the prices of domestic food, clothing, and housing items were 55% higher than the average of the 33 OECD member countries.

It has appeared. Among the 17 major item groups, food prices are 1.56 times higher than the major country average, and clothing and footwear are 1.61 times higher.

It has been aggregated. Housing costs (based on monthly rent in Seoul) were 1.23 times the average of major countries. Meanwhile, public utility charges (electricity, gas, water) are

It was relatively low due to government policy influence (0.64 times).

 

This analysis uses data from the Economist Intelligence Unit (EIU), which provides cost of living index statistics for the capitals or major cities of 173 countries worldwide (Seoul in South Korea).

It is an estimate based on the foundation.

 

Looking at each detailed item, among food products, the price of apples is about three times (2.8 times) the average in major countries.

The relative prices of pork (2.12 times), potatoes (2.08 times), and rice (2.13 times) were high.

 

Among industrial products, T-shirts (2.13 times) and men's suits (2.12 times) exceeded twice the average of major countries.

It is a situation where the financial burden on low-income households, who spend a large proportion of their income on essentials such as food, clothing, and shelter, is becoming increasingly difficult.

 

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The domestic market is freezing, and overseas travel is bustling.

Even with the same amount of money, people say they eat much better abroad.

 

Really, when I actually go to the supermarket or market

Just one box of tangerines costs 30,000 won...

Even with just a few items, it easily exceeds 100,000 won...

It's quite serious...