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OECD annual inflation rises to 4.6% in September

By November 05, 2021 1554
OECD annual inflation rises to 4.6% in September

Annual inflation in the area of the Organization for Economic Cooperation and Development (OECD) rose to 4.6% in September, owing to high energy prices.

The figure was 4.3% this August and 1.3% in September 2020, according to data released by the OECD on Thursday.

Energy prices soared by 18.9% year-on-year in the OECD area, the highest rate of the last 13 years.

Food price inflation in the OECD area climbed to 4.5% in September from a year ago, versus 3.5% in August.

"Excluding food and energy, the OECD annual inflation rate rose slightly to 3.2% – the highest rate since April 2002 – after three months of stability at 3.1%," it added./agencies

« Report finds 18 US billionaires received coronavirus stimulus funds US economy adds 531,000 jobs in October, unemployment falls to 4.6% »
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