Share

Newsroom

Consumer Prices, OECD - Updated: 5 May 2021

 

Energy prices push OECD inflation up to 2.4% in March 2021

 

Download the entire news release (graphs and table included - PDF)

5 May 2021 - Annual inflation in the OECD area increased to 2.4% in March 2021, compared with 1.7% in February. Annual energy prices rose sharply by 7.4% in March, the highest rate since October 2018. This reflected both the base-year effect with a sharp drop in energy prices in March 2020 and a contemporaneous rise in energy prices in March 2021. Food price inflation slowed slightly to 2.7%, compared with 3.0% in February. OECD annual inflation excluding food and energy increased slightly, to 1.8% in March, compared with 1.7% in February.

 

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

 Source: Consumer price indices, OECD

 

Graph 2 - Energy (CPI) and Food (CPI), selected areas
March 2019 – March 2021, percentage change on the same period of the previous year, %

     

 Source: Consumer price indices, OECD

 

Underlying data:  

 

 

 ‌

@OECD_STAT

 

Related Documents