OECD annual inflation picks up to 1.4% in October 2016, driven by energy prices

Tags:
2016-12-07

Annual inflation in the OECD area increased to 1.4% in October 2016, compared with 1.2% in September. This increase in the annual rate of inflation was mainly driven by energy prices which fell at a slower pace (-0.6% in October, compared with -2.8% in September). Food prices decreased by -0.3% in October (compared with -0.4% in September). Excluding food and energy, annual inflation decreased slightly to 1.7% in October, compared with 1.8% in September.

CPI-500-12-16.fw_.jpg

Source: Organization for Economic Co-operation and Development

  • 294 reads