OECD annual inflation nudges up to 2.9% in July 2018

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2018-09-06

Annual inflation in the OECD area increased to 2.9% in July 2018, compared with 2.8% in June. Energy prices rose by 11.1% in July, compared with 10.4% in the year to June while food price inflation was stable at 1.8%. Excluding food and energy, OECD annual inflation increased to 2.1% in July, compared with 2.0% in June 2018.

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Source: Organization for Economic Co-operation and Development

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