SEOUL: South Korea’s food prices increased at the fourth-highest rate among members of the Organisation for Economic Cooperation and Development (OECD) in January, largely due to a supply shortage brought on by bird flu, according to data and market experts.
January’s prices for groceries and nonalcoholic beverages soared by 6.5% on-year, more than twice the OECD average of 3.1%, data compiled by the OECD and Statistics Korea showed.
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