OECD annual inflation edges up to 2.1% in May 2014

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2014-07-02

Consumer prices in the OECD area increased by 2.1% in the year to May 2014, compared with 2.0% in the year to April 2014. This slight increase in the annual rate of inflation was mainly driven by energy and food prices which increased by, respectively, 3.4% and 2.2% in May, compared to 2.7% and 2.0% in April. These increases mask diverging patterns across countries: lower energy and food prices in the EU OECD countries and higher in non-EU OECD countries. Excluding food and energy, the OECD annual inflation rate declined slightly from 2.0% in April to 1.9% in May.

Consumer prices, selected areas
May 2014 percentage change on the same month of the previous year
CPI-500-07-14.fw__0.png

Source: Organization for Economic Co-operation and Development

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