04/12/2018 - Annual inflation in the OECD area picked up to 3.1% in October 2018, compared with 2.9% in September, as energy prices increased by 10.3% in October, compared with 8.2% in September. Food price inflation on the other hand slowed to 2.1%, from 2.3%. Excluding food and energy, OECD inflation was stable at 2.3% in October.
Although OECD inflation is now at its highest rate since October 2011, this, in large part, reflects on-going high inflation in Turkey (25.2% in October). Excluding Turkey, annual inflation in the OECD area marginally increased to 2.3% in October, compared with 2.2% in September1.
 Please note that inflation figures for the OECD area excluding Turkey are not available on OECD.Stat.
Source: Consumer price indices, OECD