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Consumer Prices, OECD - Updated: 5 July 2021

 

OECD annual inflation surges to 3.8% in May 2021

 

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5 July 2021 - Year-on-year inflation in the OECD area increased to 3.8% in May 2021, compared with 3.3% in April. Energy prices rose by 18.6% in May, the highest rate since September 2008, compared with 16.3% in April. Nevertheless, food price inflation continued to slow to 1.4%, compared with 1.6% in April. Developments in energy and food prices are largely related to base year effects and to the impact of the COVID-19 pandemic a year ago. OECD annual inflation excluding food and energy also increased significantly to 2.9% in May, compared with 2.4% in April, the highest rate since August 2002. 

Consumer prices, selected areas
May 2021, percentage change on the same period of the previous year, %

 Source: Consumer price indices, OECD

 

Energy (CPI) and Food (CPI), selected areas
May 2019 – May 2021, percentage change on the same period of the previous year, %

     

 Source: Consumer price indices, OECD

 

Underlying data:  

 

 

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@OECD_STAT

 

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