02/07/2015 - Annual inflation in the OECD area picked up to 0.6% in the year to May 2015, compared with 0.4% in April. This increase in the annual rate of inflation mainly reflected the slower decline in energy prices at -10.0% in May, as compared with -11.5% in the year to April. Food price inflation slowed to 1.6% in May, compared with 1.8% in April. Excluding food and energy, the OECD annual inflation rate was stable at 1.6%..
Consumer prices, selected areas
Source: Consumer price indices, OECD