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Consumer prices in OECD area fall 0.1% in the year to June 2009; up 1.7% excluding food and energy
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04/08/2009 - Consumer prices in the OECD area fell by 0.1 % in the year to June 2009, compared with a rise of 0.1% in the year to May. Month-on-month, prices rose by 0.4% in June, compared with 0.2% in May 2009.
Much of the recent trend inflation has been driven by the volatility in oil prices, which touched record highs over the summer of 2008, highlighting the need for care in interpreting the negative figure for June 2009.
Consumer prices for energy were down by 15.5% in the year to June 2009, following a fall of 16.0% in May. 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 1st September 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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