OECD annual inflation slows to 2.3% in March 2017, driven by energy prices

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2017-05-05

Annual inflation in the OECD area slowed to 2.3% in March 2017, compared with 2.5% in February 2017, driven mainly by energy prices growing at a slower pace (9.1%) in the year to March, than in the year to February 2017 (11.2%). Food price inflation picked up (to 0.9%, compared with 0.6% in the year to February). Excluding food and energy, annual inflation slowed marginally to 1.8% in March, compared with 1.9% in the year to February.

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Source: Organization for Economic Co-operation and Development

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