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At 1.5% in December 2008, annual inflation in OECD area continues to slow
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03/02/2009 - Consumer prices in the OECD area rose by 1.5% in the year to December 2008, compared with 2.2% in the year to November. Month-on-month, prices fell 0.5% in December, after declining 0.9% in November.
The drop in inflation rates mainly reflects a year-on-year fall in energy prices of 8.9% in December, compared with a fall of 2.4% in November.
Consumer prices for food were up by 6.0% in December compared with 6.2% in November. Excluding food and energy, consumer prices rose by 2.0% in the year to December, compared with 2.2% in November. 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 March 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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