In the OECD, inflation slowed down in April

By: Trademagazin Date: 2024. 06. 05. 12:06

In the countries belonging to the Organization for Economic Co-operation and Development (OECD), the annual growth of consumer prices slowed to an average of 5.7 percent in April from 5.8 percent in March. A year ago in April, the average inflation was 7.5 percent.

According to data published on the website of the Paris-based organization on Wednesday, inflation slowed in 24 of the 38 OECD countries in April. The most significant slowdown of 0.5 percentage points or more was registered in Estonia, Great Britain, Iceland, Luxembourg, Austria and Slovenia. The highest inflation was in Turkey, at 69.8 percent.

In April, inflation was below 2 percent in seven OECD countries, just like in March.

In an annual comparison in the OECD, energy prices increased by 1.2 percent in April after 0.6 percent in March. Food price growth slowed from 4.9 percent in March to 4.8 percent in April.

Core inflation in April, excluding food and energy prices, was 6.2 percent after 6.4 percent in March.

Inflation in the G7 countries slowed to 2.9 percent in April from 3.1 percent in March, while it stagnated at 6.9 percent in the G20 countries.