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Annual inflation in the OECD area down to 1.8% year-on-year in August 2007
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02/10/2007 - Consumer price inflation in the OECD area fell to 1.8% in the year to August 2007 from 2.0% in the year to July 2007. On a monthly basis, the price level was down by 0.1% in August, after showing no change in July.
Consumer prices for energy decreased by 1.3 % year-on-year in August, compared with a rise by 0.8% in July. Consumer prices for food were up by 3.2% year-on-year in August, compared with 3.3% in July. Excluding food and energy, consumer prices rose by 2.0% in the year to August, unchanged compared with July 2007...etc.
The next publication date of the OECD Consumer price indices will be on 30 October 2007
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.
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