OECD annual inflation picks up to 2.4% in November 2017


Annual inflation in the OECD area picked up for the fifth consecutive month in November 2017, to 2.4%, compared with 2.2% in October 2017. This increase in the annual rate of inflation was driven by both energy and food prices. Energy price inflation rose to 7.7% in November, compared with 5.8% in October, while food price inflation rose to 1.9% from 1.7% in October. Excluding food and energy, inflation remained stable at 1.9% in November.


Source: Organization for Economic Co-operation and Development