Higher energy prices push OECD annual inflation to 2.3% in January 

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04/03/2020 - Annual inflation in the OECD area picked up to 2.3 % in January 2020, compared with 2.1% in December 2019, as energy prices rose by 4.7% in January compared with 2.2% in December. Food price inflation, on the other hand, slowed slightly to 1.6%, from 1.7% in December. Excluding food and energy, OECD inflation remained stable - for the third consecutive month - at 2.1%. 

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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)

Source: Consumer price indices, OECD

 

• Consumer prices FAQs
• Next publication date: 2 April 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 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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