OECD/OECD Consumer Price Index/ 5 December 2017
Annual inflation in the OECD area slowed to 2.2% in October 2017, compared with 2.3% in September 2017. This slight decrease in the annual rate of inflation was driven by energy and food prices. Energy price inflation slowed to 5.8% in October, compared with 7.7% in September while food price inflation slowed to 1.8% from 1.9% in September. Excluding food and energy, inflation increased slightly to 1.9%, compared with 1.8% in September.
Relevant Posts
- OECD, (2017) «OECD sees global economy strengthening, but says further policy action needed to catalyse the private sector for stronger and more inclusive growth», Newsroom, 28 November
- OECD/OECD Consumer Price Index/4 May 2017