OECD annual inflation slows to 1.1% in December 2014 reflecting sharp fall in energy prices

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2015-02-04

Annual inflation in the OECD area slowed to 1.1% in the year to December 2014, compared with 1.5% in the year to November. This decrease was entirely caused by further falls in energy prices which declined by 6.3% in the year to December compared with a decline of 2.2% in the year to November. Food price inflation remained stable at 2.5% in the year to December. Excluding food and energy, the OECD annual inflation rate was also stable at 1.8% in December.

Consumer prices, selected areas
CPI-500-02-15.fw_.jpg
December 2014 percentage change on the same month of the previous year

Source: Organization for Economic Co-operation and Development

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