In the OECD, inflation accelerated in August
In the countries belonging to the Organization for Economic Co-operation and Development (OECD), the annual growth of consumer prices accelerated to 6.4 percent on average in August from 5.9 percent in July, and thus they registered an increase for the second consecutive month.
According to the data published on the website of the Paris-based organization, the increase in August was mainly caused by the jump in prices in Turkey: the annual increase in consumer prices was 58.94 percent after 47.83 percent in July. (The Turkish Statistical Office announced on Tuesday that September inflation was 61.53 percent.)
In August, consumer price inflation accelerated in 14 of the 38 OECD countries, 9 of them by 50 basis points or more.
In the OECD, energy prices fell by 1.4 percent in August after a 7.5 percent drop in July. Food price growth slowed to 8.8 percent from 9.2 percent in July.
Related news
The unexpectedly low inflation in June surprised analysts
The Hungarian inflation data published this week caused a pleasant…
Read more >Food prices rose at an accelerating rate in Germany
Inflation in Germany slowed down in June, according to the…
Read more >Food prices rose by 1.1 percent in Romania
Annual inflation in Romania fell to 4.9 percent in June,…
Read more >Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >