Long abstract

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Consumer prices in the OECD area rose by 4.8% in the year to July 2008, compared with 4.4% in the year to June 2008. On a monthly basis, the price level rose by 0.4% in July, compared with 0.6% in June.
Consumer prices for energy were up by 22.5% year-on-year in July, as against 19.3% in June and consumer prices for food by 7.2% compared with 6.5% in June. Excluding food and energy, consumer prices rose by 2.3% in the year to July, compared with 2.2% in June.