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Annual inflation in OECD area falls to 2.3% in November 2008
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09/01/2009 - Consumer prices in the OECD area rose by 2.3% in the year to November, compared with 3.7% in the year to October 2008. Month-on-month, prices fell 0.9% in November, after declining 0.3% in October.
Energy items account for most of the decrease in inflation. Consumer prices for energy fell by 2.4% in the year to November, compared with a rise of 12.4% in October.
Consumer prices for food were up by 6.2% in November compared with 6.5% in October. Excluding food and energy, consumer prices rose by 2.2% in the year to November, compared with 2.3% in October. 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 3 February 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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