Consumer Prices, OECD - Updated: 4 March 2020

Higher energy prices push OECD annual inflation to 2.3% in January

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2020-03-10

Annual inflation in the OECD area picked up to 2.3 % in January 2020, compared with 2.1% in December 2019, as energy prices rose by 4.7% in January compared with 2.2% in December. Food price inflation, on the other hand, slowed slightly to 1.6%, from 1.7% in December. Excluding food and energy, OECD inflation remained stable - for the third consecutive month - at 2.1%.

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Source: Organisation for Economic Co-operation and Development

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