Average inflation in OECD countries stands at 5.4% in July

by time news

2024-09-07 10:00:49

The average inflation in the interannual rate of the member states Organization for Economic Co-operation and Development (OECD) It was at 5.4% last July, from 5.6% in June, representing the smallest advance since October 2021.

According to data published by the think tank of advanced economies, the general inflation rate increased in July in 17 of the 38 countries of the Treaty on the Functioning of the European Union. OECDdecreased in 11 and remained stable or mostly unchanged in 10.

The smaller increase in prices occurred despite the fact that the cost of energy rose 3.3% year-on-year in July compared to 2.3% the previous month, the highest level since February 2023. In turn, the rise in food prices. down, although there is no clear pattern between countries.

Core inflation the oecdwhich does not take into account the prices of energy and fresh food, it stood at 5.5% last July, which implies four tenths less than the June figure.

#Average #inflation #OECD #countries #stands #July

You may also like

Leave a Comment