OECD Consumer Prices - Updated: 1 July 2008

Consumer prices in the OECD area rose by 3.9% in the year to May 2008, compared with 3.5% in the year to April 2008. This constitutes the highest inflation rate since June 2001. On a monthly basis, the price level rose by 0.7% in May, compared with 0.5% in April.

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