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Consumer Prices, OECD - Updated: 2 September 2021

 

OECD annual inflation picks up to 4.2% in July 2021

 

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2 Sep. 2021 - Year-on-year inflation in the OECD area increased to 4.2% in July 2021, compared with 4.0% in June. Inflation in the euro area (at 2.2% in July) remained significantly lower than in the OECD area as a whole, and especially than in the United States (at 5.4%).

Energy prices in the OECD area rose at a faster pace in July than in June. Their inflation reached 17.4% in July, compared with 16.9% in June. Food price inflation also increased sharply to 3.1%, compared with 1.9% in June. OECD annual inflation excluding food and energy was stable at 3.1% in July. 

Consumer prices, selected areas
July 2021, percentage change on the same period of the previous year, %

 Source: Consumer price indices, OECD

 

Energy (CPI) and Food (CPI), selected areas
July 2019 – July 2021, percentage change on the same period of the previous year, %

     

 Source: Consumer price indices, OECD

 

Underlying data:  

 

 

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@OECD_STAT

 

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