OECD annual inflation picks up slightly, to 1.2% in July 2020

 

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03/09/2020 - Annual inflation in the OECD area picked up slightly to 1.2% in July 2020, compared with 1.1% in June. Energy prices decreased less in July (minus 8.4%) than in June (minus 9.5%) while food price inflation slowed to 3.8%, compared with 4.6% in June. OECD annual inflation, excluding food and energy, also picked up slightly, to 1.7% in July 2020, compared with 1.6% in June.

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

 Source: Consumer price indices, OECD

 

Energy (CPI) and Food (CPI), selected areas
July 2018 – July 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)

 

 

• Consumer prices FAQs
• Next publication date: 5 October 2020 - See all release dates
• Contacts: for further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org;  others should contact the Statistics Directorate and Data on stat.contact@oecd.org
• Link to previous news releases
• More information on price indices at www.oecd.org/std/prices-indices

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