In the OECD, inflation increased in May
In the countries belonging to the Organization for Economic Cooperation and Development (OECD), the annual growth of consumer prices accelerated to an average of 5.9 percent in May from 5.7 percent in April. A year ago in May, the average inflation was 6.6 percent.
According to data published on the website of the Paris-based organization on Tuesday, inflation accelerated in 18 of the 38 OECD countries and slowed down in 13 in May.
In the OECD, energy prices rose by 2.5 percent year-on-year in May, following a 0.1 percent decrease in April. The increase in food prices was 4.8 percent in May as well as in April. May’s core inflation excluding food and energy prices was 6.1 percent after 6.2 percent in April.
Inflation in the G7 countries was 2.9 percent in May, similar to April, while in the G20 countries it rose from 7.1 percent in April to 7.3 percent in May in an annual comparison.
Related news
Price caps and economic measures in Central Europe: more and more countries are protecting themselves against inflation
While the introduction of price caps is back on the…
Read more >(HU) Működne Magyarországon a boltok elleni bojkott?
Sorry, this entry is only available in HU.
Read more >Inflation in the euro area accelerated slightly in January
Inflation accelerated in January, instead of the expected stagnation, and…
Read more >Related news
KSH: in January, consumer prices exceeded the values of the same month of the previous year by 5.5 percent on average
Compared to January 2024, food prices increased by 6.0 percent,…
Read more >Márton Nagy: high food inflation is unacceptable, the government is ready to take action with all means to protect families
According to Márton Nagy, high food inflation is unacceptable, and…
Read more >NGM spokesperson: prices were already corrected in the last days of January
According to the Central Statistical Office (KSH), in January 2025,…
Read more >