OECD Consumer Prices - Updated: 8 January 2008

Annual inflation in the OECD area surges to 3.3% in November 2007

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08/01/2008 - Consumer prices in the OECD area rose by 3.3% in the year to November 2007 compared with 2.8% in the year to October 2007. On a monthly basis, the price level rose by 0.5% in November after 0.3% between September and October 2007.

Energy and food items account for most of the increase in inflation. Consumer prices for energy increased by 13.3% year-on-year in November, compared with a rise of 8.5% in October, while for food they were up by 4.6% year-on-year in November, compared with 4.1% in October. Excluding food and energy, consumer prices rose by 2.0% in the year to November compared with 1.9% 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 5 February 2008

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