According to a survey by Rakuten Insight conducted in March 2023 on the impact of inflation on household expenses in South Korea, more than two thirds of all respondents answered that they felt the impact in paying for basic necessities with a respondent share of around 70 percent. More than half of the respondents were also affected by inflation when paying their utility bills.
Impact of inflation on basic household expenditure South Korea as of March 2023
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Share of respondents
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Rakuten Insight. (April 12, 2023). Impact of inflation on basic household expenditure South Korea as of March 2023 [Graph]. In Statista. Retrieved September 18, 2024, from https://www.statista.com/statistics/1380224/south-korea-basic-household-expenditure-impacted-by-inflation/
Rakuten Insight. "Impact of inflation on basic household expenditure South Korea as of March 2023." Chart. April 12, 2023. Statista. Accessed September 18, 2024. https://www.statista.com/statistics/1380224/south-korea-basic-household-expenditure-impacted-by-inflation/
Rakuten Insight. (2023). Impact of inflation on basic household expenditure South Korea as of March 2023. Statista. Statista Inc.. Accessed: September 18, 2024. https://www.statista.com/statistics/1380224/south-korea-basic-household-expenditure-impacted-by-inflation/
Rakuten Insight. "Impact of Inflation on Basic Household Expenditure South Korea as of March 2023." Statista, Statista Inc., 12 Apr 2023, https://www.statista.com/statistics/1380224/south-korea-basic-household-expenditure-impacted-by-inflation/
Rakuten Insight, Impact of inflation on basic household expenditure South Korea as of March 2023 Statista, https://www.statista.com/statistics/1380224/south-korea-basic-household-expenditure-impacted-by-inflation/ (last visited September 18, 2024)
Impact of inflation on basic household expenditure South Korea as of March 2023 [Graph], Rakuten Insight, April 12, 2023. [Online]. Available: https://www.statista.com/statistics/1380224/south-korea-basic-household-expenditure-impacted-by-inflation/
