OECD annual inflation slows to 2.3% in December 2017

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2018-02-07

Annual inflation in the OECD area slowed to 2.3% in December 2017, compared with 2.4% in November 2017. This slight decrease in the annual rate of inflation was driven by energy prices which grew at a slower pace in December (6.2%), than in the year to November (7.8%). Food price inflation increased to 2.2%, up from 2.0% in November. Excluding food and energy, inflation increased slightly to 1.9%, compared with 1.8% in November.

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Source: Organization for Economic Co-operation and Development

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