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Consumer Prices, OECD - Updated: 4 December 2018

 

OECD annual inflation picks up to 3.1% in October 2018

 

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04/12/2018 - Annual inflation in the OECD area picked up to 3.1% in October 2018, compared with 2.9% in September, as energy prices increased by 10.3% in October, compared with 8.2% in September. Food price inflation on the other hand slowed to 2.1%, from 2.3%. Excluding food and energy, OECD inflation was stable at 2.3% in October.

Although OECD inflation is now at its highest rate since October 2011, this, in large part, reflects on-going high inflation in Turkey (25.2% in October). Excluding Turkey, annual inflation in the OECD area marginally increased to 2.3% in October, compared with 2.2% in September1.

 

OECD annual inflation picks up to 3.1% in October 2018‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌


[1] Please note that inflation figures for the OECD area excluding Turkey are not available on OECD.Stat.

 

Underlying data:  

OECD, annual inflation

 

 G20, annual inflation

Source: Consumer price indices, OECD

 

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@OECD_STAT

 

 

 

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