OECD annual inflation increases to 1.2% in September 2016, driven by energy prices

Tags:
2016-11-04

Annual inflation in the OECD area rose to 1.2% in September 2016, compared with 0.9% in August. This increase in the annual rate of inflation was mainly driven by energy prices which fell at a slower pace (-2.8%) in the year to September, than in the year to August 2016 (-6.7%). On the other hand, food prices decreased somewhat more in September: -0.4%, compared with -0.1% in August. Excluding food and energy, annual inflation was stable at 1.8% in September, for the third consecutive month.

CPI-500-11-16.fw_.jpg

Source: Organization for Economic Co-operation and Development

  • 287 reads