In the OECD, inflation stagnated in February

By: Trademagazin Date: 2024. 04. 18. 12:53

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In the countries belonging to the Organization for Economic Cooperation and Development (OECD), the average annual increase in consumer prices was 5.7 percent in February, the same as in January.

According to data published on the website of the Paris-based organization, inflation slowed in February in two-thirds of the 38 OECD countries, the largest in Poland and Sweden, while the greatest acceleration was recorded in Turkey.
In the OECD, energy prices fell by 0.5 percent year-on-year in February after a larger 2.5 percent fall in January. Food price growth slowed from 6.3 percent in January to 5.3 percent in February.

Core inflation excluding food and energy prices was 6.4 percent in February after 6.6 percent in January. Inflation in the G7 countries was the same as January’s 2.9 percent in February.