All travellers know that the prices of goods and services vary between countries. In order to capture these price differences, Eurostat and the OECD collect data on the prices of identical goods and services in their member countries, and compile “Purchasing Power Parities” (PPPs) – conversion rates that neutralise price differences between countries.
OECD annual inflation down to 2.1% in May 2017
OECD annual inflation nudges up to 2.4% in April 2017
OECD annual inflation slows to 2.3% in March 2017, driven by energy prices
Rising energy prices continue to push OECD annual inflation upwards
Sharp rise in energy prices pushes OECD annual inflation up to 2.3% in January 2017
The OECD, in partnership with Eurostat, has calculated new benchmark purchasing power parities (PPPs) for GDP and final consumption for the year 2014 for 47 countries following a common methodology. Detailed 2014 PPP benchmark results are available at http://stats.oecd.org/Index.aspx?DataSetCode=PPP2011. They include PPPs, price level indices and associated indicators for some 50 categories of goods and services.
Rising energy prices push OECD annual inflation to 1.8% in December 2016
OECD annual inflation slightly up to 1.4% in November 2016
OECD annual inflation picks up to 1.4% in October 2016, driven by energy prices