OECD annual inflation slows to 1.9% in June 2017, driven by energy prices

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2017-08-05

Annual inflation in the OECD area slowed to 1.9% in June 2017, compared with 2.1% in May 2017, reflecting a continued slowdown in energy price inflation. Energy prices rose by 3.0% in the year to June compared with 5.5% in May. Food price inflation marginally increased to 1.6% in June, compared with 1.5% in May. Excluding food and energy, inflation in the OECD area was stable at 1.8% in June.

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Source: Organisation for Economic Co-operation and Development

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