In the OECD, inflation slowed down in February

By: Trademagazin Date: 2023. 04. 04. 11:50

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In February, the annual growth of consumer prices slowed down to an average of 8.8 percent in the countries belonging to the Organization for Economic Cooperation and Development (OECD), from 9.2 percent in January.

According to data posted on the website of the Paris-based organization on Tuesday, the rise in prices moderated in 23 of the 38 OECD member countries in February.

Energy price growth fell for the eighth consecutive month in February, reaching 11.9 percent year-on-year after 16.4 percent in January. The increase in food prices also slowed down, in February for the third month, from 15.2 percent in January to 14.9 percent.