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Annual inflation in the OECD rises to 3.9% in May 2008
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01/07/2008 - 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.
Consumer prices for energy were up by 14.6% year-on-year in May, as against 12.4% in April and consumer prices for food by 6.1% compared with 5.7% in April. Excluding food and energy, consumer prices rose by 2.1% in the year to May, compared with 2.0% in April.
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 29 July 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
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