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Annual inflation in OECD area drops to 3.7% in October 2008
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02/12/2008 - Consumer prices in the OECD area rose by 3.7% in the year to October 2008, compared with 4.5% in the year to September 2008. Month-on-month, prices fell 0.3% in October, after remaining stable in September.
Consumer prices for energy were up by 12.3% in the year to October, compared with 18.9% in September and consumer prices for food by 6.5% compared with 6.8% in September. Excluding food and energy, consumer prices rose by 2.2% in the year to October, compared with 2.4% in September. etc.
Link to Consumer price indices for OECD countries and major non-member economies (data in index and in percentage change on the same period of the previous year).
The next publication date of the OECD Consumer price indices will be on 9 January 2009
Contacts
For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org; others should contact the Statistics Directorate on stat.contact@oecd.org.
Link to previous news releases
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