Annual inflation in the OECD slowed to 4.2 percent in March
The average annual increase in consumer prices in the member countries of the Organization for Economic Co-operation and Development (OECD) was 4.2 percent in March this year, the lowest rate since July 2021, after 4.5 percent in February.
In March, the rate of price increases slowed in 18 of the organization’s 38 countries, with the largest declines (around 1.0 percentage points) in Estonia, Hungary, Norway and Turkey.
Inflation accelerated in 7 countries in March, and was stable or broadly stable in 13.
Inflation in March was 2 percent or below in 11 OECD countries, the same as in February. In Finland, France, Sweden and Switzerland, inflation did not reach 1 percent.
In the OECD, food prices rose by 4.8 percent year-on-year in March, after 4.4 percent in February. Energy price increases slowed to 3 percent in March, after 3.8 percent in the previous month.
Core inflation, which excludes food and energy prices, was 4.5 percent in March, after 4.7 percent in February.
Related news
OECD slightly downgrades global GDP growth forecast for this year and next
The Organization for Economic Co-operation and Development (OECD) has marginally…
Read more >Only two EU countries have higher inflation than Hungary
The European Inflation Outlook of the Private Banker compared the…
Read more >Consumer prices in the euro area rose by 2.2 percent in April, following March
The annual inflation rate in the euro area was 2.2…
Read more >Related news
GVH President: The development of Hungarian language models is a matter of national sovereignty
Csaba Balázs Rigó, President of the Hungarian Competition Authority (GVH),…
Read more >DHL introduces monthly fee for businesses
Starting in July, online sellers who ship with DHL will…
Read more >