OECD annual inflation slows to 1.2% in October 2020

 

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3 Dec. 2020 - Annual inflation in the OECD area slowed slightly to 1.2% in October, compared with 1.3% in September 2020. Energy prices declined by (minus) 7.7% in October, at a faster pace than in September (minus 6.5%), while food price inflation was stable at 3.6%. OECD annual inflation excluding food and energy also slowed slightly, to 1.6% in October 2020, compared with 1.7% in September. 

Consumer prices, selected areas
October 2020, percentage change on the same period of the previous year, %

 Source: Consumer price indices, OECD

 

Energy (CPI) and Food (CPI), selected areas
October 2018 – October 2020, percentage change on the same period of the previous year, %

     

 Source: Consumer price indices, OECD

 

Underlying data:  

• OECD, annual inflation
• G20, annual inflation
• OECD countries, contributions to annual CPI inflation by COICOP Division, current month (xlsx)
• OECD countries, contributions to annual CPI inflation, selected components, historical series (xlsx)

 

 

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• More information on price indices at www.oecd.org/std/prices-indices
     

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