Inflation in the OECD is at a 30-year high

By: Trademagazin editor Date: 2022. 02. 04. 11:19

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In the countries belonging to the Organization for Economic Co-operation and Development (OECD), the annual increase in consumer prices was 6.6 percent in December after 5.9 percent in November.

Inflation averaged 6.6 percent in OECD countries last year

The December figure is the highest since 30 July, partly due to a 36.1 percent rise in consumer prices in Turkey. Excluding Turkey, OECD inflation was 5.6 percent in December after 5.3 percent in November.

Energy prices in the OECD country slowed to 25.6 percent from 27.6 percent in November, while food prices rose from 5.5 percent to 6.8 percent. (MTI)