South Korea
Compared with New Zealand, using real observed prices.
Baseline: 
New Zealand = 1×
South Korea
vs
New Zealand
Overall verdict
South Korea is about 0.79× New Zealand.
Average across 5 categories, 7 items with data
The shape of prices (vs New Zealand = 1×)
How to read this
The centre line is New Zealand. A bar running right means South Korea is pricier; running left means cheaper. The thin bar behind shows the range from the cheapest to the priciest item in that category.
← Cheaper than New Zealand
New Zealand = 1×
South Korea is pricier →
New Zealand
New Zealand = 1×
South Korea is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In South Korea, Diesel 1L costs 1.0× what it does in New Zealand — but Electricity 1kWh (household) costs only 0.6×. What is expensive here is energy, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Diesel 1L 1 L ×1.00South Korea
NZD 2.49
USD 1.415New Zealand
NZD 2.49
USD 1.415
-
iPhone (base model, base storage) 1 unit ×0.90South Korea
NZD 1,523
KRW 1,290,000New Zealand
NZD 1,699
NZD 1,699
-
Gasoline 1L 1 L ×0.79South Korea
NZD 2.52
USD 1.427New Zealand
NZD 3.17
USD 1.797
-
PC game (Cyberpunk 2077) 1 game ×0.78South Korea
NZD 77.94
KRW 66,000New Zealand
NZD 99.99
NZD 99.99
-
Big Mac 1 burger ×0.76South Korea
NZD 6.52
KRW 5,500New Zealand
NZD 8.60
NZD 8.6
-
Natural gas 1kWh (household) 1 kWh ×0.75South Korea
NZD 0.13
USD 0.073New Zealand
NZD 0.17
USD 0.097
-
Electricity 1kWh (household) 1 kWh ×0.60South Korea
NZD 0.22
USD 0.127New Zealand
NZD 0.37
USD 0.212
See what really changed
Big Mac, 2021 → 2026At the timeUsing the exchange rate of each date
+20%
in KRW
4600 → 5500
4600 → 5500
vs
At today's rateUsing today's exchange rate
+12%
in NZD
It rose 20% in local currency, but 12% in yours. Most of what you feel is the exchange rate, not South Korea's inflation.
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