OECD annual inflation slows to 2.7% in November 2018 due mainly to easing energy price rises

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2019-01-15

Annual inflation in the OECD area slowed to 2.7% in November 2018, compared with 3.1% in October. Energy price inflation decreased to 6.8% in November, compared with 10.4% in October. Food price inflation also slowed, to 1.9%, from 2.1%. Excluding food and energy, OECD inflation slowed marginally to 2.2%, compared with 2.3% in October.

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Excluding Turkey where prices rose 21.6% year-on-year, annual inflation in the OECD area decreased to 2.0% in November, compared with 2.3% in October1.

Source: Organization for Economic Co-operation and Development

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