Annual inflation rate in OECD eases slightly to 2.0% in May 2010
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29/06/10 - Consumer prices in the OECD area rose by 2.0 % in the year to May 2010, slightly down from 2.1% in April. This small decrease in inflation rates mainly reflected the slowing down of energy prices, which increased by 11% in May, compared with 12.1% in April. Excluding food and energy, consumer prices rose by 1.3 % in May, unchanged from April.
Food prices rose by 0.5% in the year to May 2010, the third consecutive monthly increase following a long period of negative rates between September 2009 and February 2010.
The next publication of the OECD Consumer price indices will be on 3 August 2010.
For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or firstname.lastname@example.org; others should contact the Statistics Directorate on email@example.com.
Link to previous news releases
Consumer Price Indices (CPI) for OECD Countries and Major Non-Member Economies
OECD Main Economic Indicators (MEI)