According to the OECD's Purchasing Power Parity (PPP) calculation, as of 2023, South Korea's food and non-alcoholic beverage price index stands at 147, which is 47% higher than the OECD average (100), ranking second. Switzerland (163) leads the list, with South Korea surpassing the United States (94), Japan (126), and Germany (107).
South Korea's clothing and footwear price index is 137, and its education price index is 110, both exceeding the OECD average. In contrast, South Korea's Household Final Consumption (HFC) is 85, lower than the OECD average. This reflects that while overall prices in South Korea are not high, prices for basic living necessities related to food and clothing are relatively high, leading residents to perceive prices as persistently elevated.