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Annual inflation in OECD area slows sharply in May 2009
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30/06/2009 - Consumer prices in the OECD area rose by 0.1 % in the year to May 2009, compared with 0.6 % in the year to April, continuing the sharp fall in annual inflation since its peak of 4.9% in July 2008. Month-on-month, prices rose by 0.2% in May, unchanged from April 2009.
Consumer prices for energy were down by 16.2% in the year to May 2009, following a fall of 13.5% in April. Consumer prices for food were up by 2.7% in the year to May, compared with 3.4% in April. Excluding food and energy, consumer prices rose by 1.7% in the year to May 2009, compared with 1.8% in April 2009. 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 of the OECD Consumer price indices will be on 4 August 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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