Inflation is at a 25-year high in the OECD

Inflation in OECD countries breaks quarter-century record

The rise in energy prices in November has accelerated to a maximum of 27.7 percent since June 1980, after 24.3 percent in October. Food prices rose from 4.6 percent in October to 5.5 percent in November.

Core inflation excluding food and energy prices rose 0.3 percentage points to 3.8 percent in November in the OECD. (MTI)